#OrderTyper101 #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, ideal for speed but without precise control over the price.
2️⃣ Limit Order: you set the price at which you want to buy or sell, and it is only executed if the market reaches that price.
3️⃣ Stop Loss Order: used to reduce losses, it automatically closes the position at a predetermined price.
4️⃣ Stop-Limit Order: combines the two previous 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? 💬