#OrderTypes101 #OrderTypes101
Market Orders execute instantly at the best available price-ideal for fast moves but risky in volatile markets. Limit Orders set a price you're willing to pay or receive, great for control but may not fill. Stop-Loss Orders help minimize losses by triggering a market sell below a set price. Take-Profit Orders lock in gains once a target price hits. Personally, I prefer Limit Orders for entry and exit due to precision and cost control. Use Market Orders for urgency, Stop-Loss for risk management, and Take-Profit to secure profits-each has a place depending on your strategy and goals