#OrderTypes101 Let's dive deeper into the different types of orders:

*Market Orders*

- Execute immediately at the best available price

- No guarantee of price, but guaranteed execution

*Limit Orders*

- Execute at a specific price or better

- May not execute if price doesn't reach the limit

*Stop Orders*

- Trigger a market order when a specific price is reached

- Used to limit losses or lock in profits

*Stop-Limit Orders*

- Trigger a limit order when a specific price is reached

- Combines benefits of stop and limit orders

*Other Order Types*

- *Trailing Stop*: Adjusts stop price based on market movement

- *Take-Profit*: Closes position when a specific profit level is reached

- *Fill or Kill (FOK)*: Execute entire order immediately or cancel

- *All or None (AON)*: Execute entire order or none at all

- *Day Order*: Valid only for the current trading day

- *GTC (Good Till Cancelled)*: Remains active until executed or cancelled

Understanding these order types can help you:

- Manage risk

- Lock in profits

- Automate trading strategies

Which order type do you want to explore further?