#OrderTypes101 Understanding the types of orders is essential for any trader.
Did you know that you don't always have to buy or sell at the market price? There are different types of orders that allow you to have more control over your trades.
🔹 The Market Order executes the trade at the current market price, ideal when you need to enter or exit quickly.
🔹 The Limit Order allows you to set a specific price to buy or sell, perfect for those waiting for more favorable conditions.
🔹 The Stop Order is triggered only when the price reaches a certain level, and it is very useful for limiting losses or securing profits.
📈 Knowing and applying the correct type of order can make a difference.
