#OrderTypes101

Order types are instructions to buy or sell assets at specific prices or conditions. Here's a breakdown:

- *Market Order*: Buy or sell at the current market price.

- *Limit Order*: Buy or sell at a specific price set by the trader.

- *Stop-Loss Order*: Sell when the price falls to a certain level to limit losses.

- *Take-Profit Order*: Sell when the price reaches a certain level to lock in profits.

- *Stop-Limit Order*: A combination of stop-loss and limit orders, executing a limit order when the stop price is reached.

These order types help traders manage risk, automate trading strategies, and capitalize on market opportunities. Would you like more information on a specific order type or trading strategy [4][3]?