📘 Understanding Order Types in Trading 🧵
New to trading? Knowing how to place the right order can make a huge difference. Here are the most common order types every trader should know 👇
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1️⃣ Market Order
✅ Buy/sell immediately at the current market price
⚠️ Fast but less control over exact price
🔹 Best for quick entry/exit
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2️⃣ Limit Order
✅ Set your desired price
⏳ Executes only when the market reaches that price
🔹 Great for precision & planning
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3️⃣ Stop-Loss Order
🛡️ Auto-sell when price drops to your set level
🔹 Protects you from big losses
🧠 Must-have for risk management
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4️⃣ Stop-Limit Order
🧠 Combines a stop price + a limit price
📉 Useful in volatile markets
🔹 More control, but can miss execution if price skips your limit
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5️⃣ Take-Profit Order
🎯 Auto-sell when your target profit is hit
💸 Lock in gains without manual selling
🔹 Often used with stop-loss
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💡 Pro Tip: Use stop-loss + take-profit together to automate your trading strategy like a pro!
📊 What’s your go-to order type? Comment below 👇
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