#OrderTypes101

OrderTypes101

Order types in trading are tools used by traders to determine how to execute their trades. The two main types are: Market Order, which is executed immediately at the best available price, and Limit Order, which is executed only at a specified price or better. There is also a Stop Order, which turns into a Market Order after reaching a certain price, and a Stop-Loss Order to protect capital from significant losses. Some platforms offer Conditional Orders, such as OCO (One Cancels Other Order). Understanding order types helps in risk management and improving profit opportunities. Each type has its features and uses, and traders should choose the most suitable based on their strategy and market conditions.