#OrderTypes101

In trading, various order types help execute trades efficiently. *Market Order*: Executes immediately at the current market price. *Limit Order*: Executes at a specified price or better. *Stop-Loss Order*: Triggers a sale when the price falls to a certain level, limiting losses. *Stop-Limit Order*: Combines stop-loss and limit orders, executing at a specified price after a trigger price is reached. *Take-Profit Order*: Closes a position when a specified profit level is reached. Understanding these order types helps traders manage risk, lock in profits, and automate their strategies. Each type serves a specific purpose, allowing traders to tailor their approach to market conditions.