#OrderTypes101 ### **Quick Summary: Basic Types of Trading Orders 🎯**

#### **1. Basic Orders (For Beginners)**

- **Market Order**: Immediate execution at the current price (fast but not accurate)

- **Limit Order**: Execution at a specified price (precise control but not guaranteed execution)

- **Stop Order**: Converts to a market order at a certain level (to protect profits/losses)

#### **2. Advanced Orders (For Professionals)**

- **Stop-Limit**: Combines features of Stop and Limit together

- **GTD**: Valid until a certain date

- **FOK**: Full execution or immediate cancellation

- **Iceberg**: To hide large trades

#### **3. Golden Tips 💎**

- Use **Limit** in quiet markets

- **Stop-loss** is essential for risk management

- Avoid **Market orders** during sharp volatility

#### **4. Performance Comparison ⚖️**

| Type | Speed | Accuracy | Protection |

|--------|--------|--------|--------|

| Market | Very Fast | Low | Weak |

| Limit | Average | High | Medium |

| Stop | Fast | Medium | Strong |

**🎯 Essence:** Each type has its optimal use depending on market conditions and your strategy. Choosing the right type is half the success in trading!