#OrderTypes101 Types of Trading Orders (#OrderTypes101) in Financial Markets (such as cryptocurrencies or stocks):
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🔹 1. Market Order
✅ Buy or sell immediately at the best available price in the market.
⚠️ You do not control the price, only the speed.
📌 Useful when you want to enter or exit quickly.
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🔹 2. Limit Order
✅ You specify the price at which you want to buy or sell.
🕒 The order is executed only if the market reaches that price.
📌 Useful for getting a specific price or better.
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🔹 3. Stop Order
✅ Activated only when the price reaches a certain limit (stop price).
📌 Often used to stop losses (Stop Loss) or to follow profits (Trailing Stop).
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🔹 4. Stop-Limit Order
✅ A combination of a stop order and a limit order.
It is activated when the stop price is reached and executed at a specified price you set.
📌 More control, but may not be executed if it does not reach the specified price.