📈 New to trading? Understanding the types of orders is essential. Here's a quick review:
💰 Market Order
Buy or sell *instantly* at the best available price. ⚡ Fast, but less control over the price.
⏳ Limit Order
You decide the price. It only executes when the market reaches that value. ✅ Ideal for more control.
🔒 Stop Order (Stop-Loss)
Protects your profits or limits losses. It activates when the price reaches a specific point. 🛑
🎯 Take-Profit Order
Closes the trade automatically when you reach the desired profit. 🤑
👀 Knowing when to use each type can make the difference between winning or losing.
