#OrderTypes101 Types of Trading Orders:

1. Market Order
๐Ÿ”น Buy or sell immediately at the best available price.
โœ… Fast โ€“ โŒ May not be at the ideal price.

2. Limit Order
๐Ÿ”น You specify the price at which you want to buy or sell.
โœ… Accurate โ€“ โŒ May never be executed.

3. Stop Order
๐Ÿ”น Activated when the price reaches a certain point (to limit losses or take profit).
โœ… Protects you from larger losses.

4. Stop-Limit Order
๐Ÿ”น A combination of Stop Order + Limit Order: when the price reaches a certain level, it turns into a Limit Order.
โœ… Full control โ€“ โŒ More complex.