#OrderTypes101

Understanding different order types is crucial for effective trading!

Here's a quick rundown of the basics:

* Market Order: Buy or sell immediately at the best available current price.

* Limit Order: Buy or sell at a specific price or better. Your order will only execute if the market reaches your set price.

* Stop Order: An order that becomes a market order once a certain "stop price" is reached. Useful for limiting potential losses.

* Stop-Limit Order: A combination of a stop order and a limit order. Once the stop price is hit, it triggers a limit order instead of a market order.

Knowing when to use each can significantly impact your trading outcomes! #TradingTips #FinancialLiteracy #StockMarket