#OrderTypes101
๐ **#OrderTypes101** โ Know Before You Trade!
Trading isn't just about *what* to buyโit's about *how* you buy it. Here are some common order types every trader should know:
๐ข **Market Order**
Executes immediately at the best available price. Fast, but price may vary.
๐ก **Limit Order**
Executes only at your set price or better. More control, but not guaranteed to fill.
๐ด **Stop Order (Stop-Loss)**
Becomes a market order once a trigger price is hit. Used to limit losses or lock in gains.
๐ต **Stop-Limit Order**
Like a stop order, but adds a limitโgives control but may not execute in fast markets.
Knowing your order types can help you manage risk, control entry/exit points, and trade smarter. ๐
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