#OrderTypes101 Common order types in trading:
1. *Market Order*: Buy or sell at current market price.
2. *Limit Order*: Buy or sell at specified price or better.
3. *Stop-Loss Order*: Sell when price falls to limit losses.
4. *Stop-Limit Order*: Combination of stop-loss and limit orders.
5. *Take-Profit Order*: Close position when profit target is reached.
Each order type serves a specific purpose, allowing traders to manage risk, lock in profits, and execute trades efficiently. Understanding these order types is essential for effective trading and risk management. Traders can use these orders to automate their strategies and achieve their goals.