#OrderTypes101
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📊 Order Types 101 - Learn About Order Types in Trading! 📈
If you're new to the trading world, you need to understand the basic types of orders used on any trading platform. Choosing the right type of order can save you losses and increase your chances of profit!
🔹 Market Order: Executes the trade immediately at the best available price. Fast but the price may change in the moment.
🔹 Limit Order: You set the price at which you want to buy or sell. It will not be executed unless the price reaches the level you specified.
🔹 Stop Order: You set a specific price to minimize losses or protect profits. It turns into a market order when the price reaches a certain point.
🔹 Stop-Limit Order: A combination of a stop order and a limit order. Precise but a bit complex.
Understanding these types helps you trade with confidence and reduce risk. Share the post if you benefited! 💬👇
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