Entering and exiting the market according to your strategy. The first type is a Market Order, which is an order executed immediately at the current market price, and is used when you want to enter quickly without caring much about the price. Secondly, a Limit Order allows you to buy or sell at a specific price you choose, and is used when you want a better price and are willing to wait. The Stop Order is used to protect yourself from losses, and it activates when the price reaches a certain point, turning into a market order. There is also a Stop-Limit Order, which combines a stop order with a limit order, so it only executes at a certain price you specify, but it may never execute if the market moves quickly. Finally, there is a Trailing Stop Order, which is a stop loss that automatically moves with the price moving in your favor, and is used to protect profits. Understanding these orders is essential for any trader who wants to reduce risks and make decisions.