#OrderTypes101
Understanding order types is key to smart trading.
📌 Market Order – Instantly buys or sells at the current best price. Fast but can lead to slippage.
📌 Limit Order – You set the price. Great for control, but it may not execute right away.
📌 Stop-Loss Order – Automatically sells when price hits your set limit. A risk-management tool to protect your capital.
📌 Take-Profit Order – Locks in profits once a certain price is reached. Useful for disciplined exits.
Each order type serves a different purpose. Mastering them can mean the difference between gains and regrets. Trade wisely.
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