#OrderTypes101
#OrderType101: The Basics of Trading Orders
When trading in markets (stocks, crypto, forex), understanding order types is crucial for control and risk management.
š Market Order
Executes immediately at the current best price.
Fastest, but price may slip in volatile markets.
š Limit Order
Executes only at a specific price or better.
Offers price control, but may not fill if the market doesn't reach your limit.
š Stop Order (Stop-Loss)
Becomes a market order once a trigger price is hit.
Helps limit losses or protect profits.
āļø Stop-Limit Order
Combines stop and limit.
Triggered at a price, but executes only within a defined limit range.
Choose the right type to match your strategy and risk tolerance. #TradingBasics #InvestSmart
