#OrderTypes101 When you buy or sell assets like stocks, cryptocurrencies, or currencies, you use different types of orders that determine how and when your trade is executed.

Types of Orders:

✓🟢 Market Order

Buy or sell immediately at the best available price.

✅ Fast

❌ No control over the price

✓🟡 Limit Order

Buy or sell at a specific price or better.

✅ Full control of the price

❌ May not be executed

✓🔴 Stop Order (Stop-Loss)

Triggers when the price reaches a certain level and becomes a market order.

✅ Protects against losses

❌ May execute at a worse price

✓🟠 Stop-Limit Order

Just like a stop, but it becomes a limit order.

✅ More precision

❌ May not be executed

✓🔵 Trailing Stop

The sell level automatically adjusts with the market price.

✅ Secures profits

❌ Does not protect against sharp declines

✓⚫ FOK, IOC, GTC (Advanced Orders)

Used more by professional traders.

Allow conditions like "all or nothing", partial immediate execution, or keeping the order active for longer.