#OrderTypes101

In trading, there are several types of orders:

1. Market order – executed instantly at the current price.

2. Limit order – triggers only at the specified price (better for control).

3. Stop order (stop-loss) – turns into a market order when the specified level is reached.

4. Take-profit – locks in profit when the target is reached.

5. Stop-limit – a combination of stop and limit (less risk of slippage).

The choice of order depends on the strategy: aggressive or cautious. 🚀📉

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