#OrderTypes101
📘 **Order Types 101 — What Every Trader Should Know**
New to trading? One of the first things you *must* master is understanding **order types** — they control *how* and *when* your trades are executed. Let’s break it down👇
🟢 **Market Order**
Fast and simple. You buy or sell *immediately* at the best available price. Great for speed, but you might get some slippage.
🟡 **Limit Order**
Want control? Set the price you’re willing to buy/sell at — and wait. The trade only executes *if* the market reaches your level. Ideal for planning ahead.
🔴 **Stop-Loss Order**
Your safety net. It closes your position automatically when the price hits a certain level, protecting you from deeper losses. Smart risk management = survival.
🔵 **Take-Profit Order**
Lock in your wins. This order closes your trade when your target is hit — no need to babysit the charts.
Understanding these 4 types helps you trade smarter, reduce emotion, and stay in control. 💪
📍Pro Tip: Combine limit + stop-loss for precision entries *and* protection.
