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#OrderTypes101 Understanding order types is essential for smart trading. Market orders execute immediately at current prices, ideal for speed. Limit orders set a specific price, offering control but no guarantee of execution. Stop orders trigger a market order once a set price is hit, useful for limiting losses. Stop-limit orders combine both, adding precision. Trailing stops adjust with market movement, locking in profits. Each type serves different strategies - whether you're day trading or investing long-term. Knowing when and how to use them can protect your capital and maximize gains. Mastering order types is a key step toward becoming a confident, informed trader.
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