#OrderTypes101 Trading Order Types: Key to Efficient Execution

Understanding order types is vital for controlling your trades in financial markets.

1. Market Order: Instant Buy/Sell

Executes immediately at the best available market price. Guaranteed to fill, but the price can slip (slippage).

2. Limit Order: Your Ideal Price

Buy at your maximum price or sell at your minimum. You control the price, but it's not guaranteed to fill.

3. Stop Order: Loss Limit or Entry Trigger

Becomes a market or limit order after a trigger price is hit. Perfect for limiting losses (Stop Loss) or entering a trade at a specific level (Stop Entry).

4. Trailing Stop Order: Auto-Moving Stop Loss

The trigger price automatically moves with your profit. Locks in gains while limiting potential losses.

Choose the right order type based on market conditions and your trading strategy.

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