#OrderTypes101

Here are some common order types:

1. Market Order

A market order is an instruction to buy or sell a security at the best available price in the market.

2. Limit Order

A limit order is an instruction to buy or sell a security at a specific price (limit price) or better.

3. Stop-Loss Order

A stop-loss order is an instruction to sell a security when it falls to a certain price (stop price), to limit potential losses.

4. Take-Profit Order

A take-profit order is an instruction to sell a security when it reaches a certain price (take-profit price), to lock in profits.

5. Stop-Limit Order

A stop-limit order is a combination of a stop-loss order and a limit order, where the order becomes a limit order when the stop price is reached.

6. Trailing Stop Order

A trailing stop order is an instruction to sell a security when it falls by a certain percentage or amount from its highest price.

7. Fill or Kill (FOK) Order

A fill or kill order is an instruction to execute the entire order immediately, or cancel it if it cannot be filled.

8. Immediate or Cancel (IOC) Order

An immediate or cancel order is an instruction to execute as much of the order as possible immediately, and cancel any remaining portion.

9. Good Till Cancelled (GTC) Order

A good till cancelled order is an instruction to keep the order active until it is executed or cancelled.

10. Day Order

A day order is an instruction to execute the order only during the current trading day, and cancel it if it is not executed by the end of the day.

Each order type has its own advantages and disadvantages, and can be used in different trading strategies.