#OrderTypes101 *Order Types 101: A Brief Guide*

In trading, understanding order types is crucial for executing trades effectively. Here's a brief overview of the most common order types:

1. *Market Order*: Buy or sell a security at the current market price.$XRP

2. *Limit Order*: Buy or sell a security at a specific price or better.

3. *Stop-Loss Order*: Sell a security when it falls to a specific price to limit losses.

4. *Stop-Limit Order*: Buy or sell a security when it reaches a specific price, and execute at a specific price or better.$BTC

5. *Take-Profit Order*: Sell a security when it reaches a specific price to lock in profits.

These order types help traders manage risk, lock in profits, and execute trades efficiently. By understanding these basics, you can develop a solid foundation for your trading strategy.$SOL