*Order Types 101: Mastering Trading Orders*

Understand the different types of trading orders to optimize your strategy:

*1. Market Order*

Executes immediately at the best available price. Fast, but doesn't guarantee the exact price.

*2. Limit Order*

Set your desired price to buy or sell. Executes only when the market reaches your specified price.

*3. Stop-Loss Order*

Risk management tool. Automatically sells when the price drops to a specified level, limiting potential losses.

*4. Take-Profit Order*

Locks in gains automatically when the price reaches a specified level.

*5. OCO (One Cancels the Other)*

Combines stop-loss and take-profit orders. If one target is hit, the other is canceled, enabling automated strategy-based trading.

These order types help you:

- Manage risk

- Automate trading

- Optimize profits

Choose the right order type to fit your trading strategy and goals. #OrderTypes101