#OrderTypes101 Order types in trading:

*Common Order Types:*

1. *Market Order*: Buy or sell at current market price.

2. *Limit Order*: Buy or sell at specified price.

3. *Stop-Loss Order*: Sell when price falls to specified level.

4. *Take-Profit Order*: Sell when price reaches specified profit level.

5. *Stop-Limit Order*: Combination of stop-loss and limit orders.

*Other Order Types:*

1. *Trailing Stop Order*: Adjusts stop-loss price based on market movement.

2. *Fill or Kill Order*: Execute immediately or cancel.

3. *Good Till Cancelled Order*: Remains active until executed or cancelled.

*Key Considerations:*

1. *Risk Management*: Use order types to manage potential losses.

2. *Trading Strategy*: Choose order types that fit your strategy.

3. *Market Volatility*: Consider market conditions when selecting order types.