#OrderTypes101 Choosing the right type of order can significantly impact your trading results. Whether you are a beginner or an experienced trader, understanding how different orders work helps maximize profitability while effectively managing risks.

Market Order – Executes instantly at the current market price. Best suited for quick entries and exits, but can lead to slippage during volatile movements.

Limit Order – Allows you to set a specific price at which you want to buy or sell. Trading is executed only when the market reaches your price, helping control entry points.

Stop Loss Order – Protects your capital by automatically selling the asset if its price drops to a predetermined level. Important for minimizing losses in unpredictable markets.

Take Profit Order – Locks in profits by triggering a sale when the asset reaches a certain price. This allows you to benefit without constantly monitoring the market.

Each type of order has its purpose in different trading strategies.