2022-04-06 19:22:31
In the last post, we understood what an order is.
Today we’ll talk about what types of orders there are.
Let's start with the simplest, which 90% of beginners use:
a limit order. Everything is simple here: Indicate the desired price, the amount, and you're set. This method is suitable for those who are afraid to miss a sharp jump in the market. It's better not to rely on intuition. Out of the many minuses, the number of identical applications may not be enough for you. Too strong a jump and your order has become irrelevant. You could even find yourself in a situation in which you end up waiting forever until the course reaches the desired point - which might not even happen.
The next most popular type is
the market order. Market orders allow you to sell (buy) at the very same instant. If you want to make profits by sitting for hours in front of your screen, then this is for you. Everything happens quickly, a maximum of a couple of minutes. There is a danger of losing funds however if the price jumps.
For those who are more experienced, you got
the stop orders. Set the price framework, base your forecast (assess the main danger), then hope that everything goes just fine.Well, this will be enough for now. It's already a good start!
Successful orders
start with good knowledge!
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