📊 Understand the types of trading orders to avoid 'buying at the peak'!
Are you new to trading and confused by the variety of order types such as Market, Limit, or Stop-Limit? Don't worry, understanding correctly will help you trade smarter!
✅ Market Order: Buy or sell immediately at the market price. Fast, but can be subject to slippage when the market is volatile.
✅ Limit Order: You set your desired price, the order only executes when the market reaches it. Suitable when you want to control the buy/sell price.
✅ Stop-Limit Order: A useful tool for taking profit or cutting losses. When the price hits the 'Stop' level, the 'Limit' order will be activated.
👉 Knowing exactly what type of order you are using will help you manage risk better! What type of order do you use the most? Please share! 💬
