#OrderTypes101

Here is a brief guide #OrderTypes101 — the main types of orders that every trader should know:

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🟢 1. Market Order

What it does: Buys/sells at the current market price.

Pros: Instant execution.

Cons: Not always the best price (especially in low liquidity).

✅ Used when speed is important.

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🟡 2. Limit Order

What it does: Buys/sells at a specified price or better.

Pros: Control over entry/exit price.

Cons: May not be executed.

✅ Suitable for planned entries and exits.

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🔴 3. Stop Order

What it does: Activates a market order when a certain price is reached.

Pros: Protection against losses (stop-loss) or securing profits (stop-buy).

✅ Used for automatic capital protection.

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🟠 4. Stop-Limit Order

What it does: Combines stop and limit.

Example: If the price falls to $100 (stop), a sell order is placed at $99 (limit).

✅ For advanced risk and execution control.

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🧠 **And