#OrderTypes101
#OrderTypes101
🔹 Do you know the types of orders in the trading world?
Choosing the right order type can make the difference between profit and loss. Here are the most important types:
1. Market Order – Executes immediately at the best available price. Suitable for speed, but exposes you to slippage.
2. Limit Order – Executes only at the price you specify or better. Useful for precision, but may never be executed.
3. Stop-Loss & Take-Profit – Orders that protect your profits and reduce your losses. Essential for risk management.
🔐 A good understanding of the types of orders helps you have full control over your trades and avoid surprises.
#OrderTypes101