#OrderTypes101 What types of orders are there in trading?

Understanding order types is key to effective trading. Here are the main ones:

🔹 Market Order

🟢 Buy/sell instantly at the current price.

✅ Fast, but there may be a spread.

🔹 Limit Order

🎯 Set your desired price.

✅ Better for precise entry.

⚠️ May not be executed if the market doesn't reach the price.

🔹 Stop-Loss Order

🛑 Closes the position if the price goes against you.

✅ Minimizes losses. Essential for risk management.

🔹 Take-Profit Order

🎉 Locks in profit when the target price is reached.

✅ Automates exit from the position.

🔹 Stop-Limit Order

🧠 Combination of stop and limit: activates at a certain price, but is executed only at the chosen one.

✅ More control, slightly more complex.

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💡 Knowledge of order types = step towards professional trading.

What type of order do you use most often?