#OrderTypes101 Here are some common order types used in trading:
- *Market Order*: An instruction to buy or sell an asset at the current market price.
- *Limit Order*: An instruction to buy or sell an asset at a specific price or better.
- *Stop-Loss Order*: An instruction to sell an asset when it falls to a certain price, limiting potential losses.
- *Take-Profit Order*: An instruction to sell an asset when it reaches a certain price, locking in profits.
- *Stop-Limit Order*: A combination of a stop-loss order and a limit order, where the order becomes a limit order when the stop price is reached.