#OrderTypes101

Did you know that understanding the types of orders can make the difference between a successful trade and an unexpected loss? In the world of trading, having good strategies is not enough; you also need to master the basic tools, and among them, the types of orders are fundamental.

The most common orders are the market order, which is executed at the current price, and the limit order, which allows you to set a specific buy or sell price. Then there are stop-loss and take-profit orders, essential for managing risks and automatically securing profits. There are even more advanced orders like OCO (One Cancels the Other), ideal for automating decisions in the face of unpredictable movements.