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📈 #OrderTypes101: Mastering the Basics of Trading Orders
Whether you're a beginner or brushing up your skills, understanding order types is essential for smart trading. Here's a quick guide:
💡 Market Order – Buy/sell immediately at the best available price. Fast but not always price-predictable.
📌 Limit Order – Set the exact price you’re willing to pay or receive. Great for control, but may not fill.
🔒 Stop Order – Trigger a market order once the asset hits a specific price. Ideal for minimizing losses.
🎯 Stop-Limit Order – Combines stop and limit orders. More precision, but might not execute in fast markets.
🧠 Pro Tip: Use different order types depending on your risk tolerance, strategy, and market conditions.
Which order type do you use most often? Drop it in the comments! 👇