#OrderTypes101 🔹 Market Order 💎💨 – executes instantly at the current price 📈📉. Fast! ⚡ But slippage may occur 😬.
🔹 Limit Order 🎯💰 – allows you to buy/sell at a specified price 💵🔍. Full control over the price! 🧐 But it may not be executed if the market does not reach your level ❌🤷♂️.
🔹 Stop-Loss Order 🛑🔻 – protects against losses 💥😱, automatically closing the trade at a specified price level 📉. An indispensable tool for risk management 🛡️!
🔹 Take-Profit Order 🎉💵 – locks in profit 🏆🚀, closing the trade at a certain price 💰🔝. Allows you to enjoy life while the market works for you 🌴😎.
💡 When to use? 🤔✨
✅ Market Orders – for quick entry/exit ⚡💨.
✅ Limit Orders – if a better price is important 🎯🔍.
✅ Stop-Loss – to protect your capital 🛡️📉.
✅ Take-Profit – for automatic profit locking 🏆🚀.