#OrderTypes101

Here are some common order types used in trading:

Order Types

- *Market Order*: Execute a trade at the current market price. This type of order prioritizes speed over price.

- *Limit Order*: Buy or sell a security at a specific price or better. This order type gives you control over the execution price.

- *Stop-Loss Order*: Automatically sell a security when it reaches a certain price to limit potential losses.

- *Stop-Limit Order*: Combines the features of stop-loss and limit orders. When the stop price is reached, a limit order is triggered.

- *Take-Profit Order*: Automatically sell a security when it reaches a certain price to lock in profits.

Advanced Order Types

- *One-Cancels-the-Other (OCO) Order*: A combination of two orders, where one order is executed, and the other is canceled.

- *Bracket Order*: A combination of a buy or sell order with two other orders: a take-profit order and a stop-loss order.

- *Fill-or-Kill (FOK) Order*: Execute the entire order immediately, or cancel it if it can't be filled completely.

- *All-or-None (AON) Order*: Execute the entire order, or none of it. Partial fills are not allowed