🎯 #OrderTypes101 – Master the Tools of the Trade! 🎯

Knowing how to use different order types can be the difference between a smart trade and a costly mistake. Here's a quick guide for every trader:

1️⃣ Market Order

💥 Buy or sell immediately at the best available price

✅ Fast execution

⚠️ Risk of slippage in volatile markets

2️⃣ Limit Order

📍 Set your price – trade only executes if the market hits it

✅ More control over entry/exit

⚠️ May not fill if price doesn’t reach your level

3️⃣ Stop-Loss Order

🛑 Automatically sells your asset if price drops to a set level

✅ Risk management tool

⚠️ Doesn’t guarantee exact exit price (use Stop-Limit for that)

4️⃣ Stop-Limit Order

🔐 Triggers a limit order once a stop price is hit

✅ Combines protection with precision

⚠️ Might not execute in fast drops

5️⃣ Take-Profit Order

💰 Lock in gains automatically when price hits your target

✅ Ensures profits are realized

⚠️ May miss further upside if price keeps running