#OrderTypes101 What is an Order Type?🤔

An order type is the instruction you give to a trading platform about how and when to buy or sell an asset. It tells the system what price you want and how your trade should be executed. Common order types include:

Market Order: Buy or sell immediately at the current market price.

Limit Order: Buy or sell only at a specific price or better.

Stop Order: Trigger a market or limit order once the price reaches a set level.

Order types help traders control their trades based on their strategy and risk preferences.