#OrderTypes101

📈 #OrderTypes101: Mastering the Basics of Trading Orders

New to trading? Understanding order types is essential. Here’s a quick rundown:

🔹 Market Order: Executes immediately at the best available price. Fast, but no price control.

🔹 Limit Order: Executes only at your specified price or better. Great for precision, but not guaranteed to fill.

🔹 Stop Order: Becomes a market order when a certain price is reached. Ideal for minimizing losses.

🔹 Stop-Limit Order: Becomes a limit order at your stop price. More control, but can miss execution if price moves fast.

Each order type serves a different purpose—choose wisely based on your trading strategy and risk tolerance. 💡

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