#OrderTypes101 | Master Your Trades Like a Pro! 🚀**
Understanding order types is key to trading smarter. Here’s a quick breakdown:
🔹 **Market Order**
Buy/sell instantly at the current market price. Fast but no price control.
🔹 **Limit Order**
Set your desired price. Only executes if the market hits it. Precision = profit!
🔹 **Stop-Loss (SL)**
Automatically sells to limit losses if the price drops. Your safety net!
🔹 **Take-Profit (TP)**
Locks in profits by selling when the price hits your target. Secure your gains!
🔹 **OCO (One-Cancels-the-Other)**
Combines TP + SL. One executes, the other cancels—perfect for risk management!
Level up your strategy! Which order type do you use most? 👇