#OrderTypes101 If you want to enter the world of trading or have had a bad experience, you must understand the types of orders so you know well how to invest your money and plan correctly. Here, I will explain to you simply the most famous types:

1. Market Order

This is the simplest type! You will buy or sell at the current market price immediately. You won't control the price, but you will ensure that the transaction is executed quickly.

2. Limit Order

Here, you specify the price you want.

For example, you might say:

"Buy when the price reaches $1" or "Sell when it reaches $1.5". The transaction will only happen if the price reaches the price you specified.

3. Stop Order

This is to protect yourself from losses or to enter a trade when the price moves in a certain direction.

For example:

"If the price drops below $0.8, sell" to minimize your losses.

4. Trailing Stop

This is the best option if you are in profit; the order will move with the price and stop the trade if the price reverses, meaning it drops, preserving your profits.