#OrderTypes101 Different types of orders are used on exchanges to execute trading operations. The main types are market (Market), limit (Limit), stop orders (Stop Order), and their modifications, as well as orders based on their 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. It does not guarantee execution but can 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 take 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.