#OrderTypes101 is a great topic! Understanding different order types is crucial for effective trading and risk management. Here's a quick recap:
*Market Order*: Executes immediately at the best available price. Guarantees execution, but not price.
*Limit Order*: Buys or sells at a specified price or better. Guarantees price, but not execution.
*Stop Order (Stop-Loss)*: Becomes a market order when a specified price is reached. Helps limit losses.
*Stop-Limit Order*: Combines a stop order with a limit order. Becomes a limit order when the stop price is reached, offering more price control.
Mastering these order types can help you:
- Manage risk
- Execute trades efficiently
- Automate trading strategies
Do you have any specific questions about these order types or want to know more about other types?