#OrderTypes101 #OrderTypes101 refers to the types of orders that can be used in trading. Here are some common types of orders:

1. Market Order

- The order is executed immediately at the current market price.

- It is used when the trader wants to enter or exit the market quickly.

2. Limit Order

- The order is executed at a specified price or better.

- It is used when the trader wants to buy or sell an asset at a certain price.

3. Stop Order

- The order is executed when the price reaches a specified price.

- It is used when the trader wants to limit losses or protect profits.

4. Trailing Stop Order

- The order is executed when the price moves away from the current price by a certain percentage.

- It is used when the trader wants to protect profits or limit losses while the trend continues.

5. Good Till Cancelled (GTC)

- The order remains active until it is executed or cancelled.

- It is used when the trader wants to place an order without a specific time limit.

6. Day Order

- The order remains active only during the trading day.

- It is used when the trader wants to place an order for the day only.

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