#OrderTypes101

Time to grasp the basics, so you won't be caught off guard by the market. #OrderTypes101 are the foundations of smart trading:

Market order – immediately, at the best available price. Quick, but may involve slippage.

Limit order – you set the price, you want to buy/sell at your price, patience and the principle: since you no longer want a better price, you know what you're doing.

Stop-Loss order – automatic exit at a specified level, to protect your capital.

Take-Profit order – exit at a profit level – you secure profit before the market reverses.

OCO (One-Cancels-the-Other) – two in one: if one triggers, the other cancels – an ideal strategy for aggressors and conservatives.

You know it well – a stop-loss = either I cut the loss or I target the profit. Wisely set orders = smooth management, no nerves in front of the screen. This helps you make entries and exits like a firefighter – quickly, accurately, without panic. #OrderTypes101 #OrderTypes101 in my style.