#OrderTypes101 #OrderTypes101 Learn About Types of Orders in Trading

In trading, understanding the types of orders is key to successfully executing trades.

🔹 Market Order: Immediate execution at the current market price.

🔸 Limit Order: Specifies the price at which you want to buy or sell the currency and waits for execution.

🔹 Stop Order: A trigger order that activates only when the price reaches a certain level, to protect your profits or minimize your losses.

🔸 Stop-Limit Order: Combines a stop order and a limit order, activating the limit order only after reaching the stop price.

Knowing when and how to use each order helps you improve your strategy and manage risks. (Copied)