#OrderTypes101

In trading, understanding order types is crucial for managing risk and executing strategies effectively. A market order executes instantly at the best available price, ideal for speed but not price precision. A limit order allows traders to set the price they're willing to buy or sell at, giving more control but less certainty of execution. Stop-loss orders automatically sell when the price falls to a certain level, helping to minimize losses. Take-profit orders sell at a target profit level. Each order type serves a different purpose and can be used strategically based on market conditions and trading goals