#OrderTypes101 Order types are instructions to buy or sell a financial asset at a specified price or under specific conditions. Here's a breakdown of common order types:

1. Market Order

- *Definition*: Buy or sell an asset at the current market price.

- *Execution*: Immediate execution at the best available price.

2. Limit Order

- *Definition*: Buy or sell an asset at a specified price (limit price) or better.

- *Execution*: Executed only when the market price reaches the limit price.

3. Stop-Loss Order

- *Definition*: Sell an asset when it falls to a specified price (stop price) to limit losses.

- *Execution*: Converted to a market order when the stop price is reached.

4. Stop-Limit Order

- *Definition*: Buy or sell an asset when it reaches a specified price (stop price), with a limit order executed at the limit price.

- *Execution*: Combines the features of stop-loss and limit orders.

5. Take-Profit Order

- *Definition*: Close a position when the asset reaches a specified price (take-profit price) to lock in profits.

- *Execution*: Similar to a limit order, executed when the take-profit price is reached.

6. Trailing Stop Order

- *Definition*: Set a stop-loss order that automatically adjusts to a certain percentage or amount below the market price as the price moves in favor of the trade.

- *Execution*: Trailing stop price adjusts dynamically based on market price movements.

7. Fill-or-Kill (FOK) Order

- *Definition*: Execute the entire order immediately at the specified price, or cancel it if it cannot be filled in full.

- *Execution*: Immediate execution or cancellation.

8. All-or-None (AON) Order

- *Definition*: Execute the entire order at the specified price, or do not execute any part of it.

- *Execution*: Only executed if the entire order can be filled.

9. Immediate-or-Cancel (IOC) Order

- *Definition*: Execute as much of the order as possible immediately at the specified price, and cancel any remaining portion.