#OrderTypes101

#Here's a breakdown of common order types in trading:

1. Market Order

A market order is an instruction to buy or sell a security at the current market price. It's executed immediately, and the trader has no control over the execution price.

2. Limit Order

A limit order is an instruction to buy or sell a security at a specific price (limit price) or better. The order is only executed if the market price reaches the limit price.

3. Stop-Loss Order

A stop-loss order is an instruction to sell a security when it falls to a certain price (stop price). It's used to limit potential losses if the market moves against the trader.

4. Stop-Limit Order

A stop-limit order is a combination of a stop-loss order and a limit order. When the stop price is reached, the order becomes a limit order to buy or sell at the limit price.

5. Take-Profit Order

A take-profit order is an instruction to close a position when a certain profit level is reached. It's used to lock in profits and limit potential losses.

6. Trailing Stop Order

A trailing stop order is an instruction to sell a security when it falls by a certain percentage or amount from its highest price. The stop price trails the market price, adjusting the stop price accordingly.

7. Fill or Kill (FOK) Order

A fill or kill order is an instruction to execute the entire order immediately at the specified price. If the order can't be filled in its entirety, it's canceled.

8. Immediate or Cancel (IOC) Order

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