#Ordertypes101

Order types determine how trades are executed in financial markets. Common types include:

1. Market Order: Execute immediately at best available price.

2. Limit Order: Execute at specified price or better.

3. Stop-Loss Order: Trigger sale when price falls to limit losses.

4. Take-Profit Order: Close position when price reaches target.

Understanding order types helps traders manage risk, optimize entries and exits, and achieve trading goals. Each type serves a specific purpose, and choosing the right one depends on market conditions, trading strategy, and risk tolerance. By mastering order types, traders can refine their approach.