#OrderTypes101

1. Market Order

• Execute immediately at the best available price

• Pros: Fast execution

• Cons: May result in slippage (difference between expected and actual price)

2. Limit Order

• Execute at a specific price or better

• Pros: Control over price, less slippage

• Cons: May not execute immediately (or at all)

3. Stop-Loss Order

• Execute when price reaches a certain level (stop price) to limit losses

• Pros: Limit potential losses

• Cons: May not execute at desired price (slippage)

4. Take-Profit Order

• Execute when price reaches a certain level to lock in profits

• Pros: Secure profits

• Cons: May miss further potential gains

5. Stop-Limit Order

• Combination of stop-loss and limit orders

• Pros: Control over price and limit losses

• Cons: May not execute if price gaps