#OrderTypes101 In trading platforms, order types are the different instructions that a trader can use to buy or sell assets. Each type of order has specific characteristics regarding execution, risk control, and conditions for entering or exiting the market.

The most common types of orders:

1. Market Order:

- Executed immediately at the best available price in the market.

- Used when you want to quickly enter or exit a position.

2. Limit Order:

- A specific price is set at which you want to buy or sell.

- It is only executed if the market reaches that price.

- Ideal for obtaining a favorable price.

3. Stop Order:

- Activated when the price reaches a predetermined level, becoming a market order.

- Used to limit losses or to enter a position when the market shows a trend.

4. Stop-Limit Order:

- Combines characteristics of a stop order and a limit order.

- When the stop is triggered, the order becomes a limit order instead of a market order.

- Provides greater control over the execution price.

It is important to understand each one to adequately manage your trades and risks.