📌 Types of Orders in Trading (Order Types 101) 📌

When trading in financial markets, you need to understand the basic types of orders to execute your trades intelligently:

1. Market Order

- Immediate execution at the current price.

- Ideal when you want to enter or exit quickly.

2. Limit Order

- Specify a certain price for buying (below market) or selling (above market).

- Guarantees a specified price, but does not guarantee execution.

3. Stop Order

- Becomes a market order upon reaching a specified price (like a stop-loss).

- Used to limit risks or enter when breaking resistance.