#OrderTypes101

Types of Orders in Trading

There are several types of orders in trading, each with its own features and specific goals. Here are some common types of orders:

- Market Order:

Executed immediately at the current market price.

- Limit Order:

Executed at a predetermined price.

- Stop Order:

Executed when the price reaches a certain level.

- Trailing Stop Order:

Automatically adjusted based on price movement.

- Take Profit Order:

Executed when the price reaches a certain level to secure profits.

- Stop Loss Order:

Executed when the price reaches a certain level to minimize losses.