#OrderTypes101

Mastering #OrderTypes101 : A Trading Essential ๐Ÿ‘

๐ŸŒ• Market Order

Execute immediately at the best available price.

๐ŸŒ• Limit Order

Buy or sell at a specified price or better.

๐ŸŒ• Stop-Loss Order

Limit losses by triggering a sale when prices fall below a set level.

๐ŸŒ• Take-Profit Order

Lock in gains by automatically selling when prices reach a target level.

๐ŸŒ• Stop-Limit Order

A combination of stop-loss and limit orders, offering more control.

Understanding these order types is crucial for effective trading.

By leveraging them, traders can optimize their strategies, manage risk, and maximize returns.

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