#OrderTypes101 Here are some common order types used in trading:

1. *Market Order*: An order to buy or sell a security at the current market price. It's executed immediately at the best available price.

2. *Limit Order*: An order to buy or sell a security at a specific price (limit price) or better. It's executed only when the market price reaches the limit price.

3. *Stop-Loss Order*: An order to sell a security when it falls to a certain price (stop price) to limit potential losses. It becomes a market order when the stop price is reached.

4. *Stop-Limit Order*: A combination of a stop-loss order and a limit order. When the stop price is reached, the order becomes a limit order to buy or sell at the limit price or better.

5. *Take-Profit Order*: An order to close a position when a certain profit level is reached. It's often used to lock in profits.

6. *Trailing Stop Order*: An order that adjusts the stop price based on the security's price movement. It helps lock in profits while giving the position room to grow.

7. *Fill or Kill (FOK) Order*: An order that must be executed immediately and in its entirety; otherwise, it's canceled.

8. *All or None (AON) Order*: An order that requires the entire quantity to be executed; otherwise, it's not executed at all.

9. *Immediate or Cancel (IOC) Order*: An order that must be executed immediately, and any unfilled portion is canceled.

10. *Good 'Til Canceled (GTC) Order*: An order that remains active until it's executed or canceled by the trader.

Each order type serves a specific purpose and can be used to manage risk, lock in profits, or execute trades at specific prices.