#OrderTypes101 : Mastering the Basics of Trading Execution
Understanding order types is essential for every trader, whether you’re in crypto, stocks, or forex. The right order type helps you control your entry, exit, and risk exposure.
🟢 Market Order: Instantly buys or sells at the current market price. Fast, but may cause slippage in volatile markets.
📉 Limit Order: Executes only at a specified price or better. Perfect for precision but not guaranteed to fill.
🛑 Stop-Loss Order: Automatically sells your asset when it hits a certain price to protect against major losses.
📈 Take-Profit Order: Locks in gains by selling when your target price is reached.
Advanced strategies often combine these orders to optimize performance. Whether you’re day trading or investing long-term, knowing your order types puts you in control.