#OrderTypes101

Let’s break down the most common ones:

Market Order:

Instant execution at the best available price

✓Fastest way to enter or exit a position

'Might face slippage in volatile markets

Use when: Speed is more important than exact price.

Limit Order:

You set the exact price you want to buy/sell

❌ Not guaranteed to fill if price doesn’t reach your target

Use when: You want better control over entry/exit price.

Stop-Loss Order:

Automatically sells when price drops to your set level

" Helps protect you from large losses

Use when: You want to manage risk and avoid emotional exits.

Stop-Limit Order:

Combines a stop-loss and a limit order

Triggers a limit order when price hits your stop price

Use when: You want precise control over stop-loss execution.

Take-Profit Order:

Automatically sells your asset when a target profit level is reached

Use when: You want to lock in profits without watching the charts 24/7.