#OrderTypes101
📊 #OrderTypes101: Trade Smarter with the Right Orders!
Not all orders are created equal! Here’s a quick guide to key types:
1️⃣ Market Order – Buy/sell instantly at current price. ⚡ Fast but no price control.
2️⃣ Limit Order – Set your price! Executes ONLY at your target (or better). 🎯 Patience pays!
3️⃣ Stop-Loss Order – Auto-sells if price drops to limit losses. 🛑 Essential for risk management!
4️⃣ Take-Profit Order – Auto-sells at your profit target. 💰 Locks in gains!
5️⃣ Stop-Limit Order – Combines stop-loss + limit order for precision. 🔍
Pro Tip: Use limit orders in volatile markets to avoid slippage!
Which order type saved your trades? Share below! 👇