#OrderTypes101

OrderTypes101: Mastering Your Trades

Understanding order types is crucial for effective trading. A Market Order executes immediately at the best available price – speed over precision. For control, a Limit Order lets you set a maximum buy or minimum sell price, ensuring you don't overpay or undersell. Stop Orders (Stop-Loss/Stop-Buy) become market orders when a specific price is hit, ideal for risk management. Finally, Stop-Limit Orders combine both, offering conditional execution with price protection. Choose wisely to align with your trading strategy!