#OrderTypes101 *Order Types in Trading:*

- *Market Order*: Executes immediately at the best available price.

- *Limit Order*: Executes only at a specified price or better.

- *Stop Order*: Triggers a market order when a specified price is reached.

- *Stop-Limit Order*: Triggers a limit order when a specified price is reached.

- *Take-Profit Order*: Closes a position when a specified profit level is reached.

Understanding these order types helps traders manage risk, automate strategies, and optimize trade execution. Each type serves a specific purpose, allowing traders to tailor their approach to market conditions and goals. Effective use can enhance trading performance and reduce emotional decision-making.