#OrderTypes101 📈 #OrderTypes101 – Master the Basics of Trading Orders! 🔍
Whether you're trading stocks, crypto, or forex, understanding order types is 🔑 to success. Here's a quick breakdown:
🔹 Market Order
👉 Executes immediately at the current price.
📌 Use when you want speed over price control.
🔹 Limit Order
👉 Buy/Sell at your chosen price or better.
📌 Great for controlling entry/exit price, but may not fill.
🔹 Stop Order (Stop-Loss)
👉 Becomes a market order when a set price is hit.
📌 Used to minimize losses or lock in profits.
🔹 Stop-Limit Order
👉 Combines stop and limit.
📌 Triggered at your stop price, but only executes at your limit price.
🎯 Pro Tip: Use a Limit Order when the market is volatile, and a Stop-Loss to protect your gains!
💬 Which order type do you use most often? Let us know in the comments!
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