Knowing the types of orders in trading is vital. A market order is executed immediately at the best available price, useful for urgent moments. A limit order allows you to define the exact price at which you want to buy or sell; it is not executed until it is reached, which offers greater control. The stop-loss order is a tool to automatically limit losses, while the take-profit secures profits when a target is reached. These types of orders are essential for protecting your capital and planning strategically. It is not enough to have a good entry: management is what makes the difference.
