#OrderTypes101
Order types in crypto trading define how and when trades are executed. The most common is the market order, which buys or sells instantly at the current market price. A limit order sets a specific price, and the trade only executes when the market reaches that price. A stop-loss order helps minimize losses by selling when the price drops to a certain level. A stop-limit order combines stop-loss and limit features, adding control over execution price. Trailing stop orders follow the market price at a set distance. Choosing the right order type helps manage risk and trading strategy effectively.
Order types in crypto trading define how and when trades are executed. The most common is the market order, which buys or sells instantly at the current market price. A limit order sets a specific price, and the trade only executes when the market reaches that price. A stop-loss order helps minimize losses by selling when the price drops to a certain level. A stop-limit order combines stop-loss and limit features, adding control over execution price. Trailing stop orders follow the market price at a set distance. Choosing the right order type helps manage risk and trading strategy effectively.