Hello, Crypto Team From Scratch! If you already have $USDT in your Spot Wallet, you're one step away from your first trade! But stop for a moment: the most common mistake is using the wrong order.
In the Spot market, you only need to master two types of orders to start investing intelligently.
🛑 1. Market Order: The Quick (and Expensive) Option
The Market Order is the easiest to use, but also the riskiest if you don't understand it.
Speed and Price:
* It Is Instantaneous: It executes at the moment you click, it doesn't wait for anything.
* Worse Price: The order takes the best price available at that moment from the order book. This can be a bit worse than the price you saw a second ago, a phenomenon called slippage.
When to use it?
* Only when you need to urgently enter or exit a position (e.g., an unexpected price drop or if you want to secure profits immediately). For normal purchases, I recommend the Limit.
🟢 2. LIMIT Order: The Smart (and Patient) Option
The Limit Order gives you total control over the price at which you want to buy or sell. It's the favorite of patient traders!
Speed and Price:
* Not Instantaneous: The order waits in the "Order Book" and only executes if the market reaches the price you specified.
* Fixed Price: You set the exact price at which you want to buy (lower than the current) or sell (higher than the current).
Practical Example with $BTC
* Current Price of $BTC: Approximately $86,883 USD
* Your Goal: You want to buy $BTC, but only if the price falls to $86,000 USD.
* You set a Limit Order: Your order activates and waits. If the price hits $86,000, it executes automatically! If the price rises, your order remains inactive until you cancel it or it is fulfilled.
Patience pays off. At first, focus on using the Limit Order to get the best possible price.
🎯 FOLLOW ME and COMMENT! Would you use a quick Market Order or a patient Limit Order for your first purchase of $BTC?
#Write2Earn #CriptoDesdeCero #Inversiones
