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Order types: market, limit and stop

Beginner·7 min read·Premium lesson

Before any strategy, you need to know how your orders actually fill. A market order fills right now at the best available price. A limit order fills only at your price or better. A stop order becomes a market order once price reaches your level.

The full lesson covers slippage, maker and taker fees, and the right order type for every situation.

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The rest of this lesson includes the exact rules, diagrams, live chart examples, a checklist and a practice drill. Premium members get all 101 lessons.

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