Market orders execute immediately at the current market price, ensuring quick entry or exit but with potential slippage. Use them when speed matters more than price precision. Limit orders specify a price at which to buy or sell, ensuring better pricing but with the risk of non-execution if the price isn’t met. They’re ideal for controlled entries and exits. Stop-loss orders automatically sell an asset when its price drops to a set level, preventing excessive losses. Use them to protect capital in volatile markets. Take-profit orders lock in gains by selling when an asset reaches a target price. Use them to secure profits before potential reversals. These order types help traders manage risk, optimize entries, and improve execution in dynamic market conditions.
