#OrderTypes101 Here's an overview of common order types:

*1. Market Order:*

- Executes immediately at the best available price.

- Guarantees execution but not a specific price.

*2. Limit Order:*

- Executes at a specified price or better.

- May not execute immediately or at all.

*3. Stop-Loss Order:*

- Triggers a market order when a specified price is reached.

- Helps limit potential losses.

*4. Take-Profit Order:*

- Closes a position when a specified profit level is reached.

- Locks in gains.

*5. Stop-Limit Order:*

- Combines stop-loss and limit order features.

- Triggers a limit order when a specified stop price is reached.

*6. Trailing Stop Order:*

- Adjusts the stop price based on market movement.

- Helps lock in profits while limiting losses.