Mastering #OrderTypes101 : A Trading Essential 👍
🌕 Market Order
Execute immediately at the best available price.
🌕 Limit Order
Buy or sell at a specified price or better.
🌕 Stop-Loss Order
Limit losses by triggering a sale when prices fall below a set level.
🌕 Take-Profit Order
Lock in gains by automatically selling when prices reach a target level.
🌕 Stop-Limit Order
A combination of stop-loss and limit orders, offering more control.
Understanding these order types is crucial for effective trading.
By leveraging them, traders can optimize their strategies, manage risk, and maximize returns.
Each order type serves a specific purpose, allowing traders to adapt to changing market conditions.
