#OrderTypes101
#PCEMarketWatch Order Types in Trading
1. *Market Order*: Buy or sell at current market price.
2. *Limit Order*: Buy or sell at specified price.
3. *Stop-Loss Order*: Sell when price falls to limit losses.
4. *Take-Profit Order*: Sell when price reaches target profit.
5. *Stop-Limit Order*: Combination of stop-loss and limit orders.
These order types help traders manage risk, lock in profits, and automate trading strategies. Understanding order types is essential for effective trading and risk management. By using the right order type, traders can optimize their trading performance and achieve their investment goals. Each order type serves a specific purpose.🤑💰🤑💰
