#Ordertype101
Understanding order types is crucial for effective trading. Here are the basics:
1. **Market Order** – Executes instantly at the current price.
2. **Limit Order** – Buys/sells at a set price or better.
3. **Stop-Loss Order** – Triggers a sale if the price drops to a certain level.
4. **Take-Profit Order** – Closes a trade when a target profit is reached.
5. **OCO (One-Cancels-the-Other)** – Combines stop-loss and take-profit in one order.
Mastering these can improve trading precision and risk management.
