#OrderTypes101 ๐Ÿ“ˆ #OrderTypes101 โ€“ Master the Basics of Trading Orders! ๐Ÿ”

Whether you're trading stocks, crypto, or forex, understanding order types is ๐Ÿ”‘ to success. Here's a quick breakdown:

๐Ÿ”น Market Order

๐Ÿ‘‰ Executes immediately at the current price.

๐Ÿ“Œ Use when you want speed over price control.

๐Ÿ”น Limit Order

๐Ÿ‘‰ Buy/Sell at your chosen price or better.

๐Ÿ“Œ Great for controlling entry/exit price, but may not fill.

๐Ÿ”น Stop Order (Stop-Loss)

๐Ÿ‘‰ Becomes a market order when a set price is hit.

๐Ÿ“Œ Used to minimize losses or lock in profits.

๐Ÿ”น Stop-Limit Order

๐Ÿ‘‰ Combines stop and limit.

๐Ÿ“Œ Triggered at your stop price, but only executes at your limit price.

๐ŸŽฏ Pro Tip: Use a Limit Order when the market is volatile, and a Stop-Loss to protect your gains!

๐Ÿ’ฌ Which order type do you use most often? Let us know in the comments!

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