#OrderTypes101 Still Using Only Market Orders? You're Leaving Profits on the Table! ๐จ
Most new traders hit โBuyโ or โSellโ without realizing the power of other order types. That one-click mistake can cost you real money. Want to trade smarter? Hereโs your crash course.
๐น Market Order โ Instant execution, but beware of slippage in volatile markets. Use for urgency, not precision.
๐น Limit Order โ Ideal when you want price control. Set it and wait for the market to come to you โ great for sideways conditions.
๐น Stop-Limit Order โ Combines protection and precision. Use it to limit losses after a key support breaks.
๐น Take-Profit Order โ Lock in gains near resistance or your target level. Let the system exit for you while you sleep.