#OrderTypes101 📘 Order Types 101: Basic Overview

When buying or selling an asset (like a stock or cryptocurrency), you use an order to tell your broker or exchange how and when you want the trade executed.

---

🟢 1. Market Order

What it is: Buy or sell immediately at the best available price.

Use when: You want to enter or exit a position quickly.

Pros: Fast execution.

Cons: You may not get the exact price you expected due to slippage.

📝 Example: You place a market buy order for Apple stock. It's currently trading at $180, but your order fills at $181 because of price movement.