#OrderTypes101 Absolutely! Here’s a simple and clear guide to #OrderTypes101 — a must-know for anyone trading in crypto, stocks, or forex.
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📘 #OrderTypes101 – Know Your Orders Before You Trade
Understanding different order types helps you control how and when your trades get executed. Here's a breakdown of the most common types:
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1. 🟢 Market Order
> "Buy or sell immediately at the best available price."
✅ Fast execution
❌ Slippage possible (especially in volatile markets)
🎯 Best for: Traders who prioritize speed over price
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2. 🟡 Limit Order
> "Buy or sell at a specific price or better."
✅ Price control (you set the exact price)
❌ May not execute if the market doesn’t reach your price
🎯 Best for: Traders who want precision and are not in a rush
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3. 🔴 Stop-Loss Order