#OrderTypes101
Understanding order types is essential for smart trading. The main ones are Market Order, Limit Order, and Stop Order. A Market Order executes instantly at the current price—great for speed, but not for precision. A Limit Order lets you set your price, offering more control but no guarantee of execution. A Stop Order triggers a market or limit order once a certain price is hit, useful for minimizing losses or locking in profits. Knowing when and how to use each type can boost your trading strategy and risk management.
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