#OrderTypes101 Sure! Here's a short and clear summary of basic order types:
Order Types 101 – Quick Guide
Market Order
Buys/sells immediately at current price.
Fast, but less price control.
Limit Order
Buys/sells only at a set price or better.
More control, but may not execute.
Stop Order (Stop-Loss)
Triggers a market order when a set price is hit.
Used to limit losses.
Stop-Limit Order
Triggers a limit order when stop price is reached.
More precise, but may not fill.
Trailing Stop
A stop that moves with the market to lock in profits.
Adjusts automatically.
Fill or Kill (FOK)
Must be filled entirely and immediately, or canceled.
All-or-nothing.