#OrderTypes101

Learn about the types of orders in trading!

Your understanding of the types of orders can be the difference between a successful trade and a painful loss! 💸

🔹 Market Order:

Immediate execution at the current market price – fast but not guaranteed price.

🔹 Limit Order:

Set the price you want, and it will only be executed if the market reaches it.

🔹 Stop Order:

Executed when the price reaches a certain level – often used to protect profits or minimize losses.

🔹 Stop-Limit Order:

Combines stopping and limiting, flexible but more complex.

📚 Understand them before you start, as the market does not forgive the ignorant! 😉