#OrderTypes101
How to choose the right type of order?
Trading is not just buying and selling, but also the strategy of entry and exit. Different types of orders help manage risks and maximize market movements.
- Market Order – instant execution at the current price. Fast, but slippage is possible.
- Limit Order – opening a trade at a specified price or better. Full control, but no guarantee of execution.
- Stop Order – activates when the specified price is reached. Used to protect positions.