#OrderTypes101

Types of Trading Orders at a Glance

1️⃣ Market Order

🔹 Buy or sell immediately at the best available price

🔹 Fast but may be affected by price fluctuations

⚡ For immediate execution

2️⃣ Limit Order

🔹 You set the price you want

🔹 The trade only occurs if the price reaches that level

🎯 Control over price, but the trade may not be executed

3️⃣ Stop Order

🔹 Converts to a Market Order when the price reaches a certain level

🔹 Used to minimize losses or enter after breaking resistance

🛑 Example: Stop Loss

4️⃣ Stop-Limit Order

🔹 A combination of a Stop Order and a Limit Order

🔹 Gives you more control, but may not be executed

🔐 Safe but with a chance of missing the move

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💡 Choosing the right type of order helps you gain more control over your trading and reduces risks.