๐ Order Types 101 โ Master the Basics Before You Trade!
Knowing the right order type can make or break your trade. Here are the 3 most common ones:
๐น Market Order
Instant execution at the current market price.
โ Fast
โ May cause slippage
๐ธ Limit Order
Set your own price โ order executes only when the market hits it.
โ More control
โ Might not fill immediately
โ ๏ธ Stop-Loss Order
Protects you from big losses. Automatically sells if the price drops to your set level.
โ Essential for risk management
๐ก Pro Tip: Beginners should start with limit + stop-loss combos for better control and safety.
Which order type do you use the most โ and why?
๐ Share your thoughts!