#OrderTypes101 #OrderTypes101

📘 #OrderTypes101 – Types of Trading Orders:

1️⃣ Market Order

🔹 Buy or sell immediately at the best available price in the market.

✅ Quick execution

❌ May experience "slippage"

> 🟢 Example: You buy Bitcoin now at the current price without waiting.

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2️⃣ Limit Order

🔹 Specify the price at which you want to buy or sell, and it only executes if the market reaches that price.

✅ Full control over the price

❌ The order may never be executed

> 🟡 Example: You place a buy order if the price of Bitcoin drops to $60,000.

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3️⃣ Stop Order

🔹 Converts to a market order as soon as the price reaches a certain point. Often used to stop losses.

✅ Protects against significant losses

❌ May execute at a lower price than expected in volatile markets