#OrderTypes101 #OrderTypes101 They have proposed several types of orders to meet the varied needs of traders. The market order allows for immediate execution at the best available price, ideal for acting quickly, while the limit order allows setting a specific price to buy or sell, but without a guarantee of execution. The stop-limit order combines a trigger price and a limit price, useful for placing a stop-loss or take-profit. The stop-market order triggers a sale or purchase at market price once the threshold is reached, favoring speed over precision. The OCO order combines a limit order and a stop-limit order, canceling one when the other is executed. The trailing stop order automatically follows the price with a defined gap, allowing for securing profits in case of a reversal. Finally, the iceberg order, reserved for advanced users, hides the actual size of a large order to limit its impact on the market.