#OrderTypes101 Let's dive into the world of order types in trading!
Here are some common order types:
1. *Market Order*: Execute the trade at the current market price.
2. *Limit Order*: Buy or sell at a specific price or better.
3. *Stop-Loss Order*: Sell a security when it falls to a certain price to limit losses.
4. *Stop-Limit Order*: Combines a stop-loss with a limit order.
5. *Take-Profit Order*: Close a position when a certain profit level is reached.
Each order type serves a specific purpose. Understanding them can help you manage risk and achieve your trading goals.
Which order type are you most interested in learning about? Or do you have specific questions about using them?