#OrderTypes101 correctly said "Successful trading is impossible without understanding how orders work. Many beginners limit themselves to Market orders, which are executed instantly at the current price. But more experienced traders actively use Limit orders, allowing them to set a desired purchase or sale price and wait for it to be reached.

There are also more advanced types: Stop-Loss — automatic selling when the price drops to a certain level (to protect capital), Take-Profit — locking in profits at a predetermined mark. It is also worth mentioning Stop-Limit, Trailing Stop, and OCO (one cancels the other) — tools that allow you to manage risks and profits at a deeper level.

Knowing these orders is your shield and sword in the world of volatility."