#OrderTypes101 *Mastering Order Types: A Trading Essential!*
When trading, understanding order types is crucial for executing your strategy effectively. Let's break down the basics:
*Common Order Types:*
1. *Market Order*: Buy or sell at the current market price.
2. *Limit Order*: Buy or sell at a specific price or better.
3. *Stop-Loss Order*: Sell when the price falls to a certain level to limit losses.
4. *Take-Profit Order*: Sell when the price reaches a certain level to lock in profits.
*Which order type do you use most?* Follow me Share your favorite in the comments!