📘 Trading Words Explained #7
📊 Order Types
⚙️ Order types decide how your trade is executed on an exchange.
💥 Here are the most common ones:
🔹 Market Order
Executes instantly at the best available price.
⚡ Fast but no control over price.
🔹 Limit Order
You choose the price. Trade happens only when the market hits it.
✅ More control, but not guaranteed to fill.
🔹 Stop Order / Stop-Loss
Activates a market order when the price hits your stop.
🛡️ Used to protect against big losses.
🔹 OCO (One Cancels the Other)
A combo of limit + stop-loss.
💡 When one hits, the other is canceled.
💬 Pro Tip:
Mastering order types = Better execution, less slippage, more profits 💸
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