#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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