#OrderTypes101 Understanding order types is essential for every trader, whether you're a beginner or an expert. There are several order types such as market order, limit order, stop-limit order, and OCO (One Cancels the Other). A market order executes instantly at the current market price, while a limit order allows you to buy or sell at a specific price. Stop-limit orders are useful for protecting against losses, and OCO orders combine two types to manage trades efficiently. Knowing when and how to use these order types can improve your risk management and trading strategy. Mastering this knowledge helps you trade smarter and with more confidence. #OrderTypes101