#OrderTypes101 ### **#OrderTypes101: Types of Orders in Trading (Briefly)**

In trading (stocks, currencies, commodities, etc.), there are several types of orders used to buy or sell assets. Here are the most important ones briefly:

1. **Market Order**

- Immediate execution at the current price.

- Suitable when you want to enter or exit quickly.

2. **Limit Order**

- Specify a certain price to buy (lower than the current price) or sell (higher than the current price).

- Example: "Buy the stock at 50 Riyals".

3. **Stop Order**

- Becomes a market order when a specified price is reached.

- Used to limit losses (Stop-Loss) or enter on a breakout (Stop-Buy).

4. **Stop-Limit Order**

- A combination of Stop and Limit: when the stop price is reached, it turns into a limit order.

5. **Take-Profit Order**

- Automatically closes the trade when a specified profit is achieved.

#### **Quick Note:**

- **Market** = Speed of execution.

- **Limit** = Control over price.

- **Stop** = Protection or entry on strong movement.

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