#OrderTypes101 Here's the summary of "Order Types" in English, aiming for conciseness similar to the 120-character request:
Order Types are specific instructions to buy/sell assets on an exchange/broker under certain conditions. Essential for price control and risk management.
Common types:
* Market Order: Immediate execution at current best price.
* Limit Order: Buy/sell at target price or better.
* Stop Order (Stop-Loss): Becomes a market order when trigger price is hit, to limit losses.
* Stop-Limit Order: Becomes a limit order when trigger price is hit.
Choosing the right type is crucial for your trading strategy.