#OrderTypes101
Let's detail the common types of orders:
1. *Market Order*: Buying or selling at the current market price.
2. *Limit Order*: Buying or selling at a specified price or better.
3. *Stop Loss Order*: Selling when the price drops to a certain level, to limit losses.
4. *Take Profit Order*: Selling when the price reaches a certain level, to secure profits.
5. *Stop Limit Order*: A combination of stop loss orders and limit orders.
These types of orders help traders manage risk, automate strategies, and improve entry and exit points.
What type of order would you like to know more about?
