#OrderTypes101

Understanding order types is crucial for executing trades effectively.

Here's an overview of common order types are:

1.Market Order

A market order is an instruction to buy or sell a security at the current market price.

2. Limit Order

A limit order allows traders to set a specific price at which they want to buy or sell a security.

3. Stop-Loss Order

A stop-loss order is designed to limit potential losses by automatically selling a security when it reaches a certain price.

4.Take-Profit Order

A take-profit order is the opposite of a stop-loss order.

5. Stop-Limit Order

A stop-limit order combines the features of a stop-loss order and a limit order.