#OrderTypes101 Main types of orders in trading - a brief overview:

🔹 Market order

Executed instantly at the best available price.

Pros: speed, simplicity.

Cons: possible slippage (price deviation).

🔹 Limit order

Executed only at the price you specify or better.

Pros: control over the price.

Cons: may not be executed.

🔹 Stop / Stop-limit order

Stop - activates a market order when the price is reached.

Stop-limit - combines stop and limit: after activation, a limit order is placed.

Pros: protection and flexibility.

Cons: risk of non-execution.