#OrderTypes101

📘 #OrderTypes101 – Master the Basics of Trading Orders

Whether you're just starting out or need a quick refresher, here are 5 essential order types every trader should know:

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1️⃣ Market Order

🟢 "Buy or sell instantly at the best available price."

✅ Fast execution

❌ Less control over the price

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2️⃣ Limit Order

🟡 "Only buy/sell at a specific price or better."

✅ Full control over price

❌ May not get filled if the price doesn’t match

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3️⃣ Stop-Loss Order

🔴 "Sell if the price drops to this level to prevent further loss."

✅ Protects from major losses

⚠️ May trigger in volatile markets

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4️⃣ Take-Profit Order

🟢 "Sell when your target price is hit to secure profits."

✅ Locks in gains

❌ May miss out if price reverses before hitting the target

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5️⃣ OCO (One Cancels the Other)

⚖️ "Set a stop-loss and take-profit at the same time. When one triggers, the other is canceled."

✅ Smart risk management

✅ Great for automation

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🎯 Understanding order types = smarter, safer trades.

💬 Which one do you use the most?

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