#OrderTypes101

In trading, understanding order types is crucial for managing risk and strategy. The most common is the market order, which buys or sells instantly at the best available price. Then there's the limit order, where you set the price you're willing to pay or accept. It only executes when the market hits your price. The stop-loss order automatically sells your asset to prevent further losses when the price drops to a certain point. There's also the take-profit order, which locks in profits when the price reaches a target. Mastering these order types can greatly improve your trading decisions and outcomes.