Know your Orders
There are many ways you can buy and sell using different types of orders, and each way serves a purpose. Here are the basic trading order types, and when you will want to use them. Allowing market to hit your order ( trigger your entry ) is KEY learning in my trading journey. 01. Market Orders : Simplest order type to quick buy and sell. The issue with market orders is that you don't know the exact price you are buying or selling at.Sometime this may results in big slippage. 02.Buy Limit Order : This order is place below the current price and filled only at or below the limit price . 03.Sell Limit Orders : This orders is placed above the current price and filled only at or above the limit price. This is often used as target to get out of trade.