#OrderTypes101

OrderTypes101 consists of:

* Explanation of Basic Orders:

* Market Order: Involves buying or selling an asset (cryptocurrency, stock, etc.) immediately at the best available price in the market at that moment. It is the simplest and fastest, but does not guarantee a specific price.

* Limit Order: Allows buying or selling an asset at a specific price (or better) set by the trader. The order is only executed if the market price reaches or exceeds that price. It is useful for controlling the entry or exit price.

* Stop-Loss Order: It is an order designed to limit losses on a position. If the asset's price falls to a predetermined level (the "stop price"), the order is triggered and becomes a market or limit order (depending on the configuration) to sell the asset.

* Take-Profit Order (or Limit Profit): Similar to the stop-loss, but designed to secure profits. If the asset's price rises to a predetermined level, the order is triggered and becomes a market or limit order to sell and secure those profits.

* Explanation of Advanced Orders (used by more experienced traders):

* OCO Order (One-Cancels-the-Other): Combines two orders (usually a limit order and a stop-loss) in such a way that if one of them is executed, the other is automatically canceled. It is very useful for planning an entry or exit strategy with simultaneous risk and profit management.

* Trailing Stop Orders: It is a type of stop-loss that automatically adjusts as the asset's price moves in your favor, "trailing" the profit and protecting capital as the price rises.

* Iceberg Orders (or Hidden Orders): They are used to execute a large order by splitting it into multiple smaller orders placed in the order book, revealing only a small part at a time to avoid large price movements.

* Fill-Or-Kill (FOK) Orders and Immediate-Or-Cancel