📈 #OrderTypes101 – Learn about the types of orders when trading 📊
When operating on an exchange, it’s not just about “buying” or “selling”. There are different types of orders that allow you to have greater control over your trades. Here I explain the main ones:
🔹 Market Order
Buy or sell at the best available price at that moment. It’s fast but does not guarantee a specific price.
🔹 Limit Order
You choose the price at which you want to buy or sell. The order is executed only if the market reaches that price. Ideal for having control.
🔹 Stop Order / Stop Loss
An order that is activated when the price crosses a specific level. It’s used to protect against significant losses.
🔹 Take Profit
It’s the opposite of stop loss: it’s activated when the price reaches your profit target.
💡 Choosing the right type of order can make the difference between a profitable trade and an unnecessary loss.
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