#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 a desired buying or selling price and wait for it to be reached.

There are also more advanced types: Stop-Loss — automatic selling when the price falls to a certain level (to protect capital), Take-Profit — locking in 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.

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