#MetaplanetBTCPurchase Types of orders in futures contracts… You need to understand them before any trade!
Before entering any Futures trade, you need to choose the Order Type.
The right choice can protect you… and the wrong choice can destroy you!
Let’s explain them simply with examples👇
⸻
✅ First: Market Order
🔹 Enter the trade immediately at the best available price
🟢 Suitable for people who want to enter quickly
🔴 Its drawback: You might enter at a non-ideal price (slippage)
Example:
You want to buy BTC now, you click Market → the trade is executed immediately at the market price.
⸻
✅ Second: Limit Order
🔹 You specify the price you want, and wait for execution
🛡️ Suitable for people who are waiting for a precise entry point
🔴 Its drawback: The order may not be executed if the price does not reach it
Example:
The current price of BTC is 65,000
You want to buy at 64,200 → you place a Limit order
If the price drops there, the order is executed automatically.
⸻
✅ Third: Stop Order
🔹 Used to activate or close a trade at a specific price
Before entering any Futures trade, you need to choose the Order Type.
The right choice can protect you… and the wrong choice can destroy you!
Let’s explain them simply with examples👇
⸻
✅ First: Market Order
🔹 Enter the trade immediately at the best available price
🟢 Suitable for people who want to enter quickly
🔴 Its drawback: You might enter at a non-ideal price (slippage)
Example:
You want to buy BTC now, you click Market → the trade is executed immediately at the market price.
⸻
✅ Second: Limit Order
🔹 You specify the price you want, and wait for execution
🛡️ Suitable for people who are waiting for a precise entry point
🔴 Its drawback: The order may not be executed if the price does not reach it
Example:
The current price of BTC is 65,000
You want to buy at 64,200 → you place a Limit order
If the price drops there, the order is executed automatically.
⸻
✅ Third: Stop Order
🔹 Used to activate or close a trade at a specific price