#OrderTypes101 Various types of orders are used on exchanges for trading operations. The main ones are market (Market), limit (Limit), stop orders (Stop Order) and their modifications, as well as orders by duration.

Main types of orders:

Market Order:

Executed at the first available price in the market. This guarantees execution but does not guarantee the price.

Limit Order:

Executed at the specified price or better. Does not guarantee execution but may guarantee the price.

Stop Order:

Activated (converted to a market or limit order) when a certain price (trigger price) is reached. Used to protect against losses or to lock in profits.

Stop-Limit Order:

Activated when the trigger price is reached, after which it is converted to a limit order.

Stop-Market Order:

Activated when the trigger price is reached, after which it is converted to a market order.