#OrderTypes101 Order types refer to the different instructions investors can give to brokers regarding how to execute trades. Here are some common types:

1. **Market Order**: An order to buy or sell a security immediately at the current market price.

2. **Limit Order**: An order to buy or sell a security at a specified price or better.

3. **Stop Order**: An order that becomes a market order once a specified price is reached (also known as a stop-loss order).

4. **Stop-Limit Order**: Similar to a stop order, but once the stop price is reached, it turns into a limit order instead of a market order.

5. **Trailing Stop Order**: A type of stop order that moves with the market price, allowing for potential profit while minimizing losses.

6. **Fill or Kill (FOK)**: An order that must be executed immediately in full or it is canceled.

7. **All or None (AON)**: An order that must be executed in its entirety or not at all, without partial fills.

Understanding these order types helps traders manage risk and make informed decisions based on market conditions.