#OrderTypes101

Understanding different order types is essential for effective trading. Here’s a quick breakdown:

1. **Market Order**: Executes immediately at the current market price. Fast but no price control.

2. **Limit Order**: Sets a specific price to buy/sell. Guarantees price but not execution.

3. **Stop-Loss Order**: Triggers a market order when a certain price is hit, limiting losses.

4. **Take-Profit Order**: Automatically closes a trade at a target profit level.

5. **Stop-Limit Order**: Combines stop-loss and limit orders for more control.

Each order type has its pros and cons, depending on your strategy. Market orders are great for speed, while limit orders help avoid slippage. Mastering these can improve your trading precision and risk management.

#OrderTypes101