#OrderTypes101

Market Order

A market order means you buy or sell something right now at the current price. It is fast. You just click and it happens. But sometimes the price changes quickly, so you may not get the exact price you saw.

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Limit Order

A limit order means you choose the price. You say, “I want to buy only if the price drops to this level” or “sell only if the price goes up to this level.” It waits until the price matches. It gives you more control.

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Stop Loss Order

A stop loss helps you protect your money. You set a price where your trade will close automatically if it goes in the wrong direction. It stops big losses.

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Take Profit Order

This order closes your trade when you reach a certain profit. You don’t have to watch the market all day. It locks in your gains when your target is hit.

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Trailing Stop Order

This order moves with the market. If the price goes up, your stop loss moves too. But if the price falls, it stays. It helps you follow the trend and protect profits.

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Why Order Types Matter

Using the right order helps you trade smarter. It saves time, avoids mistakes, and protects your money. Always plan your trade and choose the order type that fits your goal.