#OrderTypes101 ๐ Master Your Trades with #OrderTypes101 ๐ ๏ธ
Knowing your order types can make or break your trading strategy. Market orders get you in or out instantly but might slip on price. Limit orders let you set exact entry or exit points, giving control but no guarantee of execution. Stop orders help manage risk by triggering trades when price hits a set levelโperfect for cutting losses or locking in profits. Combine these tools smartly to navigate volatile markets.
Pro tip: Practice using different orders in a demo before going live. Precision and patience often beat speed.
Whatโs your favorite order type to use and why? Share below!
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