#OrderTypes101 Order types in trading refer to the different ways you can buy or sell assets, such as stocks, cryptocurrencies, or commodities. Here's a brief overview of common order types:
1. *Market Order*: Buy or sell an asset at the current market price.
2. *Limit Order*: Buy or sell an asset at a specific price (e.g., "buy 100 shares at $50").
3. *Stop-Loss Order*: Sell an asset when it falls to a certain price to limit losses.
4. *Stop-Limit Order*: Combine stop-loss and limit orders to buy or sell at a specific price after a trigger price is reached.
5. *Take-Profit Order*: Close a position when a certain profit level is reached.
These order types help traders manage risk, lock in profits, and automate their trading strategies.