📦 Understanding order types is key to smart trading! Here's a quick breakdown:
Market Order: Executes immediately at the current price.
Limit Order: Sets a specific price to buy/sell—ideal for control.
Stop Order: Triggers a market order once a price is hit.
Stop-Limit Order: Combines stop and limit—adds precision but no guarantee of execution.
Each type serves a purpose based on your goals and risk tolerance. Choose wisely to manage your trades effectively!
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