#OrderTypes101 In trading and investing, there are different types of orders; understanding each is crucial for managing risks and achieving desirable outcomes.

1- Market Orders: They are executed immediately at the available market price; they are fast and effective, however, the price may vary.

2- Limit Orders: These orders allow you to specify the price at which you want to operate; the order will only be executed if the market reaches the specified limit.

3- Stop Orders: These are market orders but with a specific price to reach; they are ideal for entering a position that triggers a trade whether (Buy Stop) or (Sell Stop).

4- Stop-Limit Orders: These are a combination of Stop and Limit; they are activated at a Stop price; instead of being a market order, it becomes a Limit order at a specific price.

5- GTT Orders: This is a type of order that remains active until the correct market price is reached or it is manually canceled.