#OrderTypes101 1. *Market Order*: The order is executed immediately at the current market price.
2. *Limit Order*: The order is executed at a specified price or better.
3. *Stop-Loss Order*: The order is executed when the price reaches a certain level to minimize losses.
4. *Take-Profit Order*: The order is executed when the price reaches a certain level to generate profits.
*Other Types of Orders*:*
1. *Market-on-Open Order*: The order is executed when the market opens.
2. *Market-on-Close Order*: The order is executed when the market closes.
*Understanding Order Types* can help traders:
1. *Risk Management*: By setting profit and loss levels.
2. *Target Achievement*: By setting target prices.
3. *Profit from volatility*: By using market and limit orders.