#OrderTypes101

🎯 #OrderTypes101

Mastering trading starts with knowing how to place the right order at the right time. 📊 Let’s break down the main types of orders you’ll encounter:

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✅ Market Order

📍 Executes immediately at the current market price

🔹 Fast, simple

🔹 Best for quick entries/exits

⚠️ May lead to slippage in volatile markets

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🎯 Limit Order

📍 Executes only at your specified price (or better)

🔹 Great for controlling entry/exit price

🔹 May not fill if market doesn’t reach your level

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🛡️ Stop-Loss Order

📍 Triggers a market order when price hits a specific level

🔹 Helps minimize losses

🔹 Essential for risk management

🔐 “Set it and protect it.”

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📈 Take-Profit Order

📍 Automatically closes your trade at a profit target

🔹 Locks in gains

🔹 Ideal for sticking to a strategy

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🧠 Stop-Limit Order

📍 Becomes a limit order when price hits a trigger

🔹 More control, but may not fill

🔹 Combines risk management with precision

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📌 Pro Tip: Use the right order type to match your trading style and market conditions. Risk smart, trade smarter. 💹

Which one do you use most? 💬

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