#OrderTypes101 Order Type 101 – Master the Basics of Trading Orders**
🎯 Trading isn’t just about buying and selling — it's *how* you place orders that can make all the difference!
Here are the most common **Order Types** every trader should know:
1️⃣ **Market Order** – Buy or sell *immediately* at the current price. ⚡ Fast but can lead to unexpected price changes (slippage).
2️⃣ **Limit Order** – Set your own price to buy or sell. 🎯 More control, but not guaranteed to execute.
3️⃣ **Stop Loss Order** – Automatically sell if the price drops to a certain level. 🛡️ Great for minimizing losses.
4️⃣ **Stop Limit Order** – Like a stop loss, but with more precision. 📉 Triggers a limit order instead of a market one.
💡 Knowing your order types = smarter trades!