#OrderTypes101
📈 #OrderTypes101 — Master the Basics Before You Trade! 💡
Before placing your first trade, know your order types. Here's a quick breakdown:
🔹 Market Order
Buy/sell immediately at the best available price.
✅ Fast execution
⚠️ Less control over price
🔹 Limit Order
Set your price, wait for the market to meet it.
✅ Price control
⚠️ May not execute
🔹 Stop Order (Stop-Loss)
Triggers a market order once a set price is hit.
✅ Helps limit losses
⚠️ Slippage possible
🔹 Stop-Limit Order
Triggers a limit order when a stop price is reached.
✅ Precision
⚠️ May not execute if the price moves too fast
Understanding order types = smarter trading decisions. Don’t just trade—trade wisely. 🧠💸
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