#OrderTypes101 📚 Are you new to trading? You need to know the types of orders!

Understanding them = controlling your trades + reducing your losses 💸

🔑 Here are the 4 main types of orders you need to know

✅ 1. Market Order:

🔹 You buy or sell immediately at the best available price now.

📌 Great for quick entries… but the price is not guaranteed accurately!

🧠 2. Limit Order:

🔹 You specify the price you want… and the order waits until the price is reached.

📌 Suitable for people who want to buy at a specific price (and can wait a bit).

🛡️ 3. Stop-Loss Order:

🔹 Automatically exits you from the trade if the price drops to a specified point.

📌 Protects you from rapid crashes! Essential for risk management.

🎯 4. Take-Profit Order:

🔹 Automatically sells when the price reaches your target.

📌 Helps you secure your profit before the market reverses on you!

💡 A smart trader does not enter a trade without knowing:

✔️ When to enter

✔️ When to exit

✔️ When to stop the loss

✔️ And when to lock in the profit ✅

📊 Understanding orders = your weapon against volatility!

What type do you use most often? Share your opinion with me 👇