#OrderTypes101

In trading, there are different types of orders that allow you to control how and when assets are bought or sold. The main types are:

Market Order: executes the operation at the current market price immediately.

Limit Order: allows you to set a specific price; the order is only executed if the market reaches that price.

Stop Order: is triggered when the price reaches a certain level, becoming a market order.

Stop-Limit Order: combines a stop order and a limit order, providing more control but without a guarantee of execution.

Choosing the right type of order helps manage risks and maximize profits.