#OrderTypes101

Successful trading is impossible without understanding how orders work. Many beginners limit themselves to Market orders, which are executed instantly at the current price. However, more experienced traders actively use Limit orders, allowing them to set a desired buying or selling price and wait for it to be reached.

There are also more advanced types: Stop-Loss — an automatic sale when the price falls to a certain level (to protect capital), Take-Profit — locking in profits at a predetermined level. It is also worth mentioning Stop-Limit, Trailing Stop, and OCO (One Cancels Other) — tools that allow for managing risks and profits at a deeper level.