#OrderTypes101 – Master the Basics Before You Trade!

If you're diving into trading, knowing your order types is as important as knowing your charts. 🧠 Placing the wrong type of order at the wrong time can cost you profits—or worse, cause unexpected losses. Let’s break them down 👇

🔹 Market Order

“Get me in NOW!”

Executes instantly at the current price. Fast, but not always precise—especially in volatile markets.

🔹 Limit Order

“You name the price, and I’ll wait.”

Buy or sell at a specific price or better. Great for control and avoiding slippage. Patience required!

🔹 Stop-Loss Order

Your safety net.

Automatically exits a trade to limit your losses if the price moves against you. Every smart trader uses one.

🔹 Stop-Limit Order

A combo move.

Triggers a limit order once a certain price is reached. More control, but there’s a chance it won’t execute.

🔹 Take Profit Order

Lock in those gains.

Closes your position automatically once your target profit is hit. Smart way to remove emotions.