#OrderTypes101

Trading Made Simple!

If you are new to the world of trading, it is essential to know that there are more than one type of "order" you can use when buying or selling a stock or cryptocurrency. Each type has different advantages and helps you gain more control over the timing and price of execution. 🤓💡

Here are the main types:

🔹 Market Order

Buy or sell immediately at the best available price. Fast but not guaranteed to get the best price.

🔹 Limit Order

Specify the price at which you want to buy or sell. It will only be executed if the price reaches the limit you set. Ideal if you have a price target.

🔹 Stop Order

It turns into a market order when the price reaches a certain point. Useful for minimizing losses when the market goes against you.

🔹 Stop-Limit Order

A combination of stop order and limit. When the price reaches a certain point, a limit order is executed at the price you choose.