#OrderTypes101 #OrderTypes101 Master Your Trades: Understanding Basic Order Types!

Executing trades effectively starts with knowing your order types:

1️⃣ Market Order : Buy/sell immediately at the best available price. *Fast execution but no price guarantee* – ideal for speed over precision.

2️⃣ Limit Order : Set your exact entry/exit price. *Guarantees price but not execution* – perfect for targeting specific values.

3️⃣ Stop Order (Stop-Loss) : Triggers a market order once a price level hits. *Protects profits or limits losses* – crucial for risk management!

4️⃣ Stop-Limit Order : Combines stop and limit features. Triggers a limit order at your specified price *after* the stop price is reached. Balances control with risk mitigation.