#OrderTypes101

📈 #OrderTypes101: Master the Basics Before You Trade!

Before you dive into the markets, it’s crucial to understand the different order types. Each one serves a unique purpose—and choosing the right one can make or break your strategy. Here are the essentials:

🔹 Market Order – Instant execution at the best available price. Fast, but watch out for slippage!

🔹 Limit Order – Set your price and wait. Great for control, but may not get filled if the market moves away.

🔹 Stop Order – Becomes a market order once your trigger price is hit. Good for cutting losses or entering breakouts.

🔹 Stop-Limit Order – Combines a stop and a limit. Triggered at your price, but only executes at your set limit. Less risk, but may miss the fill.

🧠 Pro tip: Use the right order type based on your goals—whether it's speed, precision, or protection.

What’s your go-to order type—and why? Drop your thoughts below 👇

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