#OrderTypes101
Here are some common order types:
1. Market Order
Executes a trade at the current market price.
2. Limit Order
Executes a trade at a specified price (limit price) or better.
3. Stop-Loss Order
Executes a trade when the price reaches a specified level (stop price), often used to limit losses.
4. Stop-Limit Order
Combines elements of stop-loss and limit orders, executing a trade at a specified price (limit price) after the stop price is reached.
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5. Take-Profit Order
Executes a trade when the price reaches a specified level, often used to lock in profits.
6. Trailing Stop Order
Adjusts the stop price based on the market price movement, often used to lock in profits while limiting losses.