#OrderTypes101

✅Order types are crucial for executing strategies effectively.

✅Market orders are executed immediately at the current price, while limit orders wait for a specific price to be reached.

✅Stop-loss orders automatically sell a position when it falls to a certain price, limiting losses.

✅Take-profit orders close a position when it reaches a predetermined profit level.

✅Other types include stop-limit orders, which combine stop-loss orders and limit orders, and trailing stops, which adjust the stop-loss price as the market moves.

✅Understanding these types of orders helps traders manage risk, maximize profits, and navigate volatile markets with precision and control.

⭐ Learning with your favorite cat 😺😸🐱