#OrderTypes101 OrderTypes101 โ The Basics Every Trader Should Know ๐ฏ๐
Trading without knowing order types? Thatโs like sailing without a compass. Letโs simplify the essentials:
๐น Market Order โ Buy/sell instantly at current price. Fast, simple, but not always at your ideal rate. Great for urgency. โก
๐น Limit Order โ Set your price and wait. It executes only when the market hits your target. Ideal for planning entries/exits. ๐ฏ
๐น Stop-Loss Order โ Protects you from deep losses by auto-selling at a set price if the market drops. Your risk shield. ๐ก๏ธ
๐น Take-Profit Order โ Automatically secures profits when your coin hits a certain price. Smart exits, zero emotion. ๐ฐ
Master your tools. Donโt just tradeโtrade wisely.