#OrderTypes101

📊 In the world of trading, understanding order types is essential to control your trades and achieve your goals accurately. Some of the most common types include:

1. Market Order: Executes immediately at the best available price in the market, suitable for speed but may expose you to price fluctuations.

2. Limit Order: The trader specifies the price at which they want to buy or sell, and it only executes if the market reaches that price, giving you greater control.

3. Stop Loss: Used to protect capital, as it automatically closes the trade when the price reaches a certain point to minimize losses.

4. Take Profit: Automatically closes the trade when the profit reaches a predetermined point.

Choosing the right order type helps you trade rationally and professionally. Do not trade without a clear strategy.