#OrderTypes101

Understanding the types of orders is essential for successful trading. There are several, but the most common are:

1️⃣ Market order: immediate execution at the best available price. Ideal for a quick entry or exit.

2️⃣ Limit order: you set the price at which you want to buy or sell. The order only executes if that price is reached.

3️⃣ Stop-limit order: a combination of a stop order (triggered at a certain price) and a limit order. Perfect for protecting your profits or limiting losses.

4️⃣ OCO order (One Cancels the Other): two linked orders; if one executes, the other is canceled.

🛠️ Mastering these tools gives you a real advantage. Which one do you use the most?