#OrderTypes101

Here's an overview of common order types:

1. Market Order:

- Executes immediately at the best available market price.

- Guarantees execution, but not a specific price.

2. Limit Order:

- Executes at a specified price (limit price) or better.

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

3. Stop-Loss Order:

- Triggers a market order when the price reaches a specified level (stop price).

- Designed to limit potential losses.

4. Stop-Limit Order:

- Combines elements of stop-loss and limit orders.

- Triggers a limit order when the price reaches the stop price.

5. Take-Profit Order:

- Closes a position when the price reaches a specified level.

- Designed to lock in profits.

6. Trailing Stop Order:

- Adjusts the stop price based on market movement.

- Trails the price movement to lock in profits.

7. Fill or Kill (FOK) Order:

- Must be executed immediately and in its entirety.

- If not, the order is canceled.

8. All or None (AON) Order:

- Must be executed in its entirety.

- If not possible, the order remains active until it can be filled.

Each order type serves a specific purpose, and choosing the right one depends on your trading strategy and risk management goals.