#OrderTypes101 ๐ #OrderTypes101: Master the Basics! ๐
๐ก Market Order:
โ Instantly buys/sells at the best available price
โ Less control over exact execution price
๐ก Limit Order:
โ Sets a specific price to buy/sell
โ Executes only if the market hits that price
โ No guarantee of execution
๐ก Stop Order:
โ Becomes a market order once a trigger price is reached
โ Great for limiting losses or locking in profits
๐ก Stop-Limit Order:
โ Combines stop & limit orders
โ Trigger price โ turns into a limit order
โ More precise than a stop order
๐ช Trading smart means knowing how to use each! ๐ช