#OrderTypes101

Let's break down the different order types:

*1. Market Order*: Execute immediately at current market price.

- Use when: You want to enter or exit a trade quickly.

*2. Limit Order*: Execute at specified price or better.

- Use when: You want to buy low or sell high at a specific price.

*3. Stop-Loss Order*: Sell when price falls to limit losses.

- Use when: You want to manage risk and limit potential losses.

*4. Take-Profit Order*: Sell when price reaches target profit.

- Use when: You want to lock in profits.

Go-to order type depends on trading strategy and goals. What's your preferred order type?