#OrderTypes101 Your Guide to Understanding Types of Orders in Trading 📊🔍

Do you know the difference between types of trading orders and how to use them wisely? 🤔 Let's dive into the most popular types:

1️⃣ Market Order⚡

- Immediate execution at the best available price.

- Ideal when you want to enter or exit quickly.

2️⃣ Limit Order🎯

- Set a specific price for buying (below market) or selling (above market).

- Ensures the trade is not executed unless at the desired price.

3️⃣ Stop Order 🛑

- Converts to a market order when a specified price is reached (like a stop-loss).

- To protect capital or secure profits.

4️⃣ Stop-Limit Order🔄

- Combines Stop and Limit – executes only within a price range after it is triggered.

5️⃣ Good Till Date (GTD) 📅

- Expires on a specified date if not executed, unlike Good Till Cancel (GTC).

💡 Tip: Choose the order type based on your strategy (quick trading, long-term investment, etc.).

🚀 What type of order do you use most often? Share your experience!⬇️

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