#OrderTypes101
When you trade crypto or stocks, you use order types to decide how your trade happens. Here are the main ones:
🔹 Market Order – Buys or sells right away at the current price. It’s fast, but the price might change quickly.
🔹 Limit Order – You choose the price. The trade only happens if the market reaches your price.
🔹 Stop Order – This order starts a trade when the price hits a certain point. It's often used to stop losses.
🔹 Stop-Limit Order – Like a stop order, but adds a price limit for more control.
Each type helps you trade in different ways. Pick the one that fits your goal.
When you trade crypto or stocks, you use order types to decide how your trade happens. Here are the main ones:
🔹 Market Order – Buys or sells right away at the current price. It’s fast, but the price might change quickly.
🔹 Limit Order – You choose the price. The trade only happens if the market reaches your price.
🔹 Stop Order – This order starts a trade when the price hits a certain point. It's often used to stop losses.
🔹 Stop-Limit Order – Like a stop order, but adds a price limit for more control.
Each type helps you trade in different ways. Pick the one that fits your goal.