📚 #OrderTypes101 – Mastering the Basics!
Whether you're a beginner or brushing up, understanding order types is 🔑 to successful trading. Let’s break it down:
🟢 Market Order – Executes instantly at the best available price. Fast but no control over price.
🔵 Limit Order – You set the price. Trade executes only when the market reaches it. Ideal for precision.
🟡 Stop-Limit Order – Combines a stop price to trigger your limit order. Great for controlling entries/exits.
🔴 OCO (One Cancels the Other) – Two orders placed together; if one executes, the other cancels. Perfect for planning both breakout and pullback.
✅ Pro tip: Always match the order type with your strategy!
Which one do you use most? 🤔