I OrderTypes101

🎯 Know Your Orders, Win More Trades

Placing trades without understanding order types is like playing chess blindfolded. Let’s break down the 4 most common types every smart trader should know 👇

🟢 Market Order

🔁 Action: Buy/Sell immediately at the best current price

⚡ Speed: Fastest execution

💥 Risk: Higher slippage in volatile markets

✅ Best for: Quick entries/exits, high-volume assets

🟠 Limit Order

📍 Action: Buy/Sell only at a specific price or better

⌛ Speed: May take time to fill

🎯 Benefit: More price control

✅ Best for: Planning entries, avoiding bad fills

🔵 Stop-Loss Order

🛑 Action: Sells automatically if price hits a certain lower level

🚨 Purpose: Limit your losses

💡 Pro Tip: Set it based on technical levels, not emotions

✅ Best for: Capital protection, discipline

🟣 Take-Profit Order

🏁 Action: Automatically closes trade once price reaches target

📊 Purpose: Lock in profits

🎯 Strategy: Combine with stop-loss for better trade planning

✅ Best for: Emotion-free exits, maximizing gains

🧠 Trade Smarter:

Combine Stop-Loss and Take-Profit with your Limit or Market orders to automate your strategy like a pro.

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