#OrderTypes101

**Market Order**

Executed immediately at the current market price. Suitable for urgent trades, but may lead to slippage in low liquidity.

**Limit Order**

You specify the price at which you want to buy or sell. The order is executed only if the market reaches that price. A great tool for those who want to control their entry/exit price.

**Stop Order**

Triggers only when a certain price is reached. Often used to limit losses or enter a position after breaking a level.

**Stop-Limit Order**

A combination of stop and limit: when the price reaches the trigger (stop), a limit order is created. More control, but there is a risk that the order may not be executed.

**OCO (One Cancels the Other)**

Two orders: if one is executed, the other is canceled. Perfect for setting TP and SL at the same time.