Understanding the types of orders in trading can make the difference between a successful trade and an unnecessary loss. The most common orders are the market order, which executes at the current price, and the limit order, which only executes if the price reaches the value you set. There are also stop-loss orders, which protect you from losses, and take-profit orders, which secure profits. Knowing when and how to use them is crucial for managing risks and optimizing results. Many beginners trade without this knowledge, which can be costly. Practice and constant study are key.
