#OrderTypes101 Market Orders:

These orders are executed instantly at the current market price, ensuring the order is filled quickly but potentially at a less favorable price than a limit order.

Limit Orders:

Traders specify a price at which they want to buy or sell, and the order is only executed if the market price reaches that level.

Stop-Loss Orders:

These orders are designed to limit potential losses by automatically selling an asset when the price drops to a specified level.

Stop-Limit Orders:

A combination of stop-loss and limit orders, these orders are triggered when the price reaches a specified stop price, then the order is executed at a specified limit price.

Trailing Stop Orders:

These orders dynamically adjust the stop-loss price based on the market price, helping to lock in profits and protect against potential losses as the price fluctuates.

One-Cancels-the-Other (OCO) Orders:

These orders allow traders to place two orders (e.g., a buy and sell) where only one is executed, automatically canceling the other.