#OrderTypes101

In trading, it is important to understand the types of orders.

Market Order — executed instantly at the current price. Suitable for quick entry or exit from a position.

Limit Order — executed only at the specified or better price. Provides control but may not be executed.

Stop Order — activates when the price reaches a specified level. Often used as a stop-loss.

Stop-Limit — a combination of stop and limit: after the trigger, a limit order is opened.

Understanding orders will help avoid losses and improve the execution of the strategy.