#OrderTypes101 Understanding the types of orders in trading is essential for better managing your operations. The market order executes the buy or sell at the current price, useful for quick movements. The limit order allows you to set a specific price at which you want to buy or sell, ideal for greater control. There is also the stop-loss order, which is activated when a certain price is reached, helping to reduce losses. On the other hand, the take-profit order secures your profits by closing the operation when a set target is reached. Understanding and correctly using each type of order can make the difference between a successful and a failed strategy.