#OrderTypes101

📌 Types of Orders in Trading (Order Types 101) 📌

When trading in financial markets, you need to understand the basic types of orders to execute your trades smartly:

1. Market Order

- Immediate execution at the current price.

- Ideal when you want to enter or exit quickly.

2. Limit Order

- Specify a certain price to buy (below market) or sell (above market).

- Guarantees a specific price, but does not guarantee execution.

3. Stop Order

- Becomes a market order when a specified price is reached (like a stop loss).

- Used to limit risk or enter upon breaking resistance.

4. Stop-Limit Order

- A combination of Stop and Limit

- Executes only at a specified price after the Stop is triggered.

5. OCO Order (One Cancels the Other)

- Links two orders (like selling at profit or loss) and cancels one when the other is executed.