#OrderTypes101 #OrderTypes101 — The Basics Every Trader Should Know 🎯📊
Trading without knowing order types? That’s like sailing without a compass. Let’s simplify the essentials:
🔹 Market Order — Buy/sell instantly at current price. Fast, simple, but not always at your ideal rate. Great for urgency. ⚡
🔹 Limit Order — Set your price and wait. It executes only when the market hits your target. Ideal for planning entries/exits. 🎯
🔹 Stop-Loss Order — Protects you from deep losses by auto-selling at a set price if the market drops. Your risk shield. 🛡️
🔹 Take-Profit Order — Automatically secures profits when your coin hits a certain price. Smart exits, zero emotion. 💰