#OrderTypes101
*Order Types 101: Navigating Trading Options*
Understanding order types is crucial for effective trading. Here's a brief overview:
- *Market Order*: Execute immediately at the best available price.
- *Limit Order*: Execute at a specified price or better.
- *Stop-Loss Order*: Sell when the price falls to a certain level to limit losses.
- *Take-Profit Order*: Sell when the price reaches a certain level to lock in profits.
Mastering order types can help you manage risk and optimize your trading strategy.
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