#OrderTypes101

As a new user I expressed my view that Trading isn't just about picking the right assets; it's about executing your strategy with precision. The key to becoming a smart trader lies in smart order management. This means knowing how to use different order types not just to buy or sell, but to actively control risk and maximize profit potential.

Think beyond the basic market order. While quick, it doesn't give you control over price. That's where limit orders come in, letting you set your ideal entry or exit price, ensuring you get the value you want. More critically, stop-loss orders are your ultimate risk-control tool, automatically limiting potential losses and protecting your capital.