#OrderTypes101 Don't Just Click Buy/Sell!

The type of order you choose can determine between profit or getting stuck 😅

🔍 Let's understand the basics:

📌 Market Order

➡️ Direct execution at the current market price

✔️ Suitable for those who want to enter/exit quickly

⚠️ But be careful of slippage if the volume is low!

📌 Limit Order

➡️ You set your own price, just wait for execution

✔️ Ideal for those who are patient waiting for the desired price

⚠️ May not be executed if the price doesn't reach

📌 Stop-Loss Order

➡️ Automatic protection if the price falls

✔️ Smart trader = trader who can limit losses

⚠️ Make sure to set it at a reasonable level

📌 Take-Profit Order

➡️ Lock in profits when the target is reached

✔️ Discipline in taking profits = healthy trader mentality

⚠️ Don't be greedy, set realistic targets

🛠️ Tips from personal experience:

I once used a Market Order during a super volatile market. The result? I got a price that was far from expectations. Since then, I often use Limit Orders and combine them with Stop-Limit for a more measured strategy.

📣 Now it's your turn!

✅ What is your favorite type of order?

✅ Have you had experiences using an order type that taught you a lot?