#OrderTypes101

: A Trader's Guide*

*1. Market Order*: Execute immediately at best available price.

*2. Limit Order*: Buy/sell at specified price or better.

*3. Stop Order*: Trigger buy/sell when price reaches specified level.

*4. Stop-Limit Order*: Combination of stop and limit orders.

*5. Take-Profit Order*: Close position when profit target is reached.

*6. Trailing Stop Order*: Adjust stop-loss price based on market movement.

*Understanding order types helps you:*

1. Manage risk

2. Optimize trades

3. Achieve trading goals