#OrderTypes101

Types of Trading Orders You Should Know

1☆ Limit Order: Buy or sell at a specified price,

2☆ Market Order: Buy or sell at the market price,

3☆ Stop Limit: Stop selling at a specified price higher or lower than the order value,

4☆ Stop Market Order: Sell at the market price immediately,

5☆ Stop Bid: Similar to a stop-loss order at a specified price,

but the trigger price for the stop order will move with your trade when the market moves in your favor, and it will close the trade when the market moves against you.

Its advantage: Continuity of the trade when the market is in your favor, and stopping the loss when the market is against you.

6☆ One Cancels Other Order: Sell for profit if the price rises and stop loss if the price drops below a certain limit,

7☆ Algorithmic Order: Special for institutions and VIP clients, for trading large external transactions.

Its advantages include: enjoying quick access to assets,

quick and competitive pricing.

I hope you have benefited.

You can leave a comment if I was lacking in the explanation.