When trading crypto (or any asset), youâll use different order types depending on your strategy. Here are the main ones you need to know:
đ˘ Market Order
Buy/sell immediately at the current price.
â Fast & simple
â You might not get the best price during volatility
đľ Limit Order
Set the exact price you want to buy/sell.
â More control
â Wonât execute unless the market reaches your price
đĄ Stop-Limit Order
A two-part order: once the market hits a trigger (stop price), it places a limit order.
â Great for risk management
â More complexâneeds careful setup
đ´ Stop-Market Order
When the stop price is hit, it places a market order instead.
â Useful for quick exits
â May execute at a worse price during fast moves
đŻ Tip:
Use market orders when speed matters
Use limit orders when precision matters
Use stop orders for safety and risk control
honest remark: this is AI generated, but I've checked the reliability of all the stated informations,so no need to worry.
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