#OrderTypes101
*Order Types 101 📘*
Understanding order types is essential for every trader.
1. *Market Order* – Executes immediately at the best available price. Fast but offers no price control.
2. *Limit Order* – Executes only at your specified price or better. Great for planning but may not fill.
3. *Stop Order (Stop Loss)* – Becomes a market order once a set price is hit. Used to protect capital.
4. *Stop Limit Order* – Similar to a stop order but adds price control by turning into a limit order.
Each order type serves a specific purpose. Mastering them improves execution and risk management. Know your tools before entering trades!
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