Order types in trading refer to the different ways you can buy or sell assets. Here are some common order types:

1. Market Order

1. *Executes immediately* at the best available price.

2. *Guarantees execution*, but not a specific price.

2. Limit Order

1. *Executes at a specific price* or better.

2. *May not execute* if the market price doesn't reach the limit price.

3. Stop-Loss Order

1. *Triggers a sale* when the price falls to a certain level.

2. *Limits potential losses* by automatically selling an asset.

4. Take-Profit Order

1. *Closes a position* when a certain profit level is reached.

2. *Locks in profits* by automatically selling an asset.

5. Stop-Limit Order

1. *Combines stop-loss and limit orders*.

2. *Triggers a limit order* when the stop price is reached.

Understanding these order types can help you manage risk, set profit targets, and execute trades more effectively. Which order type would you like to learn more about?