#OrderTypes101

Understanding the types of orders in trading is key to executing effective strategies. A Market Order buys or sells at the current price, ideal for speed, not for precision. A Limit Order is executed only at the price you specify or better, perfect for having control. A Stop Loss automatically closes a trade when a defined loss level is reached, protecting your capital. A Take Profit secures profits by closing when your target is reached. There are also more advanced orders like OCO (one cancels the other) that combine stop and limit. Knowing when to use each type allows you to trade intelligently and reduce risks. It's not just about entering or exiting, it's about doing it strategically!