#OrderTypes101

Knowing order types is crucial for precise trading:

1. **Market Order:** Executes *immediately* at the best current price. Guarantees execution, not price. Best for speed.

2. **Limit Order:** Sets the *maximum price* you'll pay to buy or the *minimum* you'll accept to sell. Guarantees price, not execution. Essential for controlling entry/exit points.

3. **Stop-Loss Order:** Becomes a market order *after* a specified "stop" price is hit. Designed to **protect** capital by limiting losses on open positions.

4. **Stop-Limit Order:** Combines stop and limit. Triggers *at* the stop price but only executes *if* the limit price is met. Offers more price control than a stop-loss.

Choose wisely! #OrderTypes101