#OrderTypes101 ---

📑 #OrderTypes – Master the Basics of Trading Orders! 💹

Whether you're a beginner or a seasoned trader, understanding different order types is key to smart trading. Here's a quick guide:

🔹 Market Order – Instant execution at the current market price.

✅ Fast and simple

❌ Slippage risk in volatile markets

🔹 Limit Order – Set your own price; order only executes when the market reaches it.

✅ More control

❌ May not get filled

🔹 Stop-Loss Order – Automatically sells when price drops to your set limit.

✅ Risk management tool

❌ May trigger on sharp wicks

🔹 Take-Profit Order – Locks in profit once your target price is hit.

✅ Helps secure gains

❌ Market might move further after trigger

🔹 OCO (One Cancels the Other) – Combines a limit and a stop-loss; when one triggers, the other cancels.

✅ Great for setting both targets and safety nets!

📌 Pro Tip: Use the right order type based on your strategy, risk tolerance, and market conditions.

Start trading smart today! 📊

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