#Ordertype101 In trading, order types determine how your buy or sell orders are executed. Here are some common types:
1. *Market Order*: Executes immediately at the best available price.
2. *Limit Order*: Executes at a specified price or better.
3. *Stop-Limit Order*: Executes at a specified price after reaching a stop price.
4. *Stop-Market Order*: Executes at the best available price after reaching a stop price.
Understanding these order types helps you manage risk and achieve your trading goals. Each type serves a specific purpose, allowing you to tailor your trading strategy to suit your needs. Choose wisely.