#OrderTypes101 📊 Market, Limit, Stop – Understand correctly to avoid trading on impulse!

When trading on the exchange, you will encounter types of orders: Market, Limit, and Stop. If you don't understand clearly, you might buy high and sell low without knowing why.

🔹 Market Order: Buy/sell immediately at the market price. Fast but prone to slippage.

🔸 Limit Order: Set buy/sell at the price you want. Good for patient traders, avoids FOMO.

🔻 Stop Order: Automatically triggers the order when the price hits a certain level. Often used to cut losses or take profits.

✅ New traders often use Market, but should learn how to use Limit and Stop to better protect their capital.

👉 Which type of order do you use the most?

📌 Follow me to read the next article: “How to place a Stop order correctly – avoid being swept!”.