#OrderTypes101 There are several types of orders that traders can use to buy or sell assets. Here are some common types of orders:
1. *Market Order*: An order to buy or sell an asset at the current market price. Market orders prioritize speed over price.
2. *Limit Order*: An order to buy or sell an asset at a specific price or better. Limit orders prioritize price over speed.
3. *Stop-Loss Order*: An order to sell an asset when it falls to a certain price, designed to limit potential losses.
4. *Stop-Limit Order*: A combination of a stop-loss order and a limit order, where the order becomes a limit order when the stop price is reached.
5. *Take-Profit Order*: An order to close a position when a certain profit level is reached.
6. *Good 'Til Canceled (GTC) Order*: An order that remains active until it is executed or canceled.
7. *Fill or Kill (FOK) Order*: An order that must be executed immediately and in its entirety, or it will be canceled.
8. *All or None (AON) Order*: An order that requires the entire quantity to be executed, or the order will not be executed at all.
9. *Immediate or Cancel (IOC) Order*: An order that must be executed immediately, and any portion that cannot be filled will be canceled.
These order types can help traders manage risk, lock in profits, and execute trades according to their strategies.