#OrderTypes101 How do Market, Limit, Stop-Loss, and Take-Profit orders work?
*Market Order (Market) What is it? Immediate execution. Buy or sell NOW at the price available.
*Limit Order (Limit) What is it? It is an order from the strategist. You set the exact price at which you want to buy or sell.
*Stop-Loss Order What is it? Your safety belt. A dormant order that activates to sell and cut your losses.
*Take-Profit Order (Profit Taking) What is it? Your exit plan with profits. An order (usually of Limit type) that automatically sells when the price reaches your target.
