šŸ“˜ Trading Words Explained #7

šŸ“Š Order Types

āš™ļø Order types decide how your trade is executed on an exchange.

šŸ’„ Here are the most common ones:

šŸ”¹ Market Order

Executes instantly at the best available price.

⚔ Fast but no control over price.

šŸ”¹ Limit Order

You choose the price. Trade happens only when the market hits it.

āœ… More control, but not guaranteed to fill.

šŸ”¹ Stop Order / Stop-Loss

Activates a market order when the price hits your stop.

šŸ›”ļø Used to protect against big losses.

šŸ”¹ OCO (One Cancels the Other)

A combo of limit + stop-loss.

šŸ’” When one hits, the other is canceled.

šŸ’¬ Pro Tip:

Mastering order types = Better execution, less slippage, more profits šŸ’ø

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