#OrderTypes101 Successful trading is impossible without understanding how orders work. Many beginners limit themselves to Market orders, which are executed instantly at the current price. However, more experienced traders actively use Limit orders, allowing them to set their desired buying or selling price and wait for it to be reached.

There are also more advanced types: Stop-Loss — automatic sale when the price drops to a certain level (for capital protection), Take-Profit — securing profits at a predetermined level. It is also worth mentioning Stop-Limit, Trailing Stop, and OCO (one cancels the other) — tools that allow for managing risks and profits at a deeper level.

Knowing these orders is your shield and sword in the world of volatility.