#OrderTypes101 Master the types of orders in trading 🚀📈 It is extremely necessary to know and understand the types of orders.
Did you know that choosing the right type of order can make a difference in your trades? Here I explain the basics:
1️⃣ Market Order: Immediate execution at the current price. Ideal for quick entry/exit.
2️⃣ Limit Order: You set a specific price. Buy cheaper or sell higher. 🎯
3️⃣ Stop Order: Activated like a market order when crossing a limit price. Useful for managing risks.
4️⃣ Stop-Limit: Like the stop, but with a defined price range. Greater control.