#OrderTypes101 Hello! Here is an overview of the types of orders (Order Types) used in trading. These tools help you execute trades in a specific way to control price and execution:

1. Market Order:

- Executes quickly at the best available price in the market.

- Used to execute the trade quickly without specifying the price.

2. Limit Order:

- Specifies a certain price to buy or sell the asset.

- Executes only if the price reaches the specified limit, allowing control over the execution price.

3. Stop-Loss Order:

- Used to automatically sell the asset when the price drops to a certain level.

- Helps limit losses in case of market deterioration.

4. Take-Profit Order:

- Used to automatically sell the asset when the price reaches a certain level to secure profit.

5. Stop-Limit Order:

- Combines a stop-loss order and a limit order, where it specifies a trigger price and an execution price.

6. Good 'Til Canceled (GTC):

- Remains open until it is canceled or executed, not limited to a short time period.

Would you like to know how to choose the right order type for a specific situation or more details about any of them?