#OrderTypes101

When diving into the world of trading, understanding order types is crucial. Market orders execute immediately at the current price, perfect for fast trades. Limit orders, on the other hand, allow traders to set a specific price at which they're willing to buy or sell, offering more control but no guarantee of execution. Stop orders become market orders once a specified price is reached, commonly used to limit losses. There are also stop-limit orders, which combine features of both stop and limit orders. Mastering these tools can significantly impact your trading success. Always research and plan before trading! #ordertypes101