#OrderTypes101
To understand financial markets, it is essential to know the types of trading orders:
1️⃣ Market Order: Executes immediately at the best available price, suitable for speed but without precise price control.
2️⃣ Limit Order: You set the price at which you want to buy or sell, and it only executes if the market reaches that price.
3️⃣ Stop Loss: Used to minimize losses, as it automatically closes the trade at a certain price.
4️⃣ Stop-Limit Order: Combines the previous two orders to control the price and execute protection.
🧠 Choosing the right type makes a big difference in your strategy!
Which order do you use most often? And why? 💬