#OrderTypes101

1. Market Order:

Executes immediately at the current market price.

✅ I use this when I want to enter or exit a trade quickly, especially in highly liquid markets.

2. Limit Order:

Executes only at a specific price or better.

✅ Great for setting buy or sell prices in advance. I use this when I don’t want to chase the market.

3. Stop-Loss Order:

Automatically sells a position if the price drops to a certain level.

✅ Crucial for risk management. I always set a stop-loss to protect capital in volatile trades.

4. Take-Profit Order:

Closes a trade when the price reaches a set target.

✅ Helps lock in profits. I use this alongside stop-loss to automate my exits.