#OrderTypes101
Order types 101 introduces the basic ways traders enter and exit positions in the market. The most common is a market order, which executes immediately at the current price. A limit order sets a specific price for buying or selling, executing only when that price is reached. A stop-loss order helps manage risk by closing a trade at a predetermined loss level. A take-profit order locks in gains when the price hits a target. Stop-limit orders combine features of stop and limit orders for more control. Understanding these types is essential for executing trades effectively and managing risk in all markets.
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