#OrderTypes101 #OrderTypes101

Types of Trading Orders (Understanding the types of orders helps you trade smartly! Here are the most famous ones briefly: Market Order (Market Order) ⚡️: Instant execution at the best available price! Ideal for speed, but the price may vary slightly. • Limit Order (Limit Order) 🎯: Buy or sell at a specific price you choose (or better!). Full control over the price, but it may not be executed if the price does not reach your target. • Stop-Loss Order (Stop-Loss Order) 🛡️: An order that converts to a market order (or sometimes a limit order) to sell if the price drops to a certain level you specify. Its goal is to protect your capital from significant losses. • Take-Profit Order (Take-Profit Order) ✅: A specific order to sell (or buy to cover a short position) if the price reaches a certain profit target you set. Helps you secure your profits. • Knowing when to use each type is the key to successful trading! 🔑