#OrderTypes101 #OrderTypes101

Types of Trading Orders Explained

Market Order

Executes immediately at the current market price. Ideal for quick trades, but may suffer from slippage if the market is volatile.

Limit Order

You set a specific price at which you want to buy or sell. The order only executes when the market reaches your target price, giving you more control over your trade.

Stop-Loss Order

Automatically sells your asset if the price drops to a predetermined level. Useful for minimizing losses during market downturns.

Take-Profit Order

Automatically sells your asset when it hits a set profit level. Helps you lock in gains without having to monitor the market constantly.

Stop-Limit Order

A hybrid of a stop and limit order. When the stop price is reached, a limit order is triggered instead of a market order. Provides more control over the execution price.