#OrderTypes101

#OrderTypes101 📊 #OrderTypes101

1. *Market Order*: Buy/sell at current market price ⚡️

2. *Limit Order*: Buy/sell at specified price 📈

3. *Stop-Loss Order*: Limit losses when price drops 📉

4. *Take-Profit Order*: Lock in profits when price reaches target 💸

5. *Stop-Limit Order*: Combo of stop-loss & limit orders 🔄

6. *Trailing Stop*: Adjusts stop-loss as price moves favorably 📊

Mastering order types can enhance trading strategy & risk management! 💡 Which one fits your trading style? Each serves a purpose in navigating markets effectively. Use them wisely!