#OrderTypes101

Order types are instructions to buy or sell securities. Here are some common types:

1. Market Order

Executes immediately at the best available price.

2. Limit Order

Executes at a specified price or better.

3. Stop-Loss Order

Triggers a sale when the price falls to a specified level, limiting losses.

4. Stop-Limit Order

Combines stop-loss and limit orders, executing at a specified price or better.

5. Take-Profit Order

Automatically closes a position when a specified profit level is reached.

6. Trailing Stop Order

Adjusts the stop-loss price based on market movement.

Understanding these order types can help you manage risk and execute trades effectively.