#OrderTypes101

#OrderTypes101: Understanding the 4 Most Common Order Types

Before you hit “buy” or “sell,” it's crucial to know how your order will be executed. Different order types affect price, speed, and control. Let’s break down the essentials:

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1️⃣ Market Order

⚡ “Buy/Sell it now at the best available price”

Instant execution

No price control

Best for speed, not precision

✅ Use when timing is critical

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2️⃣ Limit Order

🎯 “Only buy/sell at this specific price or better”

You set the price

Won’t execute unless conditions are met

✅ Great for strategic entries/exits

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3️⃣ Stop-Loss Order

🛑 “Sell automatically if price drops to X”

Helps limit losses

Triggered only when price hits your stop

✅ Essential for risk management

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4️⃣ Stop-Limit Order

⚙️ “Trigger a limit order when the price hits X”

Combines stop-loss with control over price execution

✅ Advanced risk strategy for volatile markets

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💡 Pro Tip: Learn how these orders work before trading volatile assets—bad execution = lost profits.