#OrderTypes101 Here’s a breakdown of how Market, Limit, Stop-Loss, and Take-Profit orders work, when to use them, and real-world context to highlight their impact.

🔹 1. Market Order

How it works:

Executes immediately at the best available price.

When to use it:

You need to enter or exit a position quickly.

High liquidity assets (like major forex pairs or large-cap stocks) where slippage is minimal.

Pros: Fast execution.

Cons: You have no control over the price, especially in volatile markets.