#OrderTypes101 📈 **#OrderTypes101: Understanding Basic Trading Orders**

In the world of trading, order types are crucial for managing risk and executing strategies effectively. Here’s a quick guide:

1. **Market Order**: Buy/sell immediately at the best available price.

2. **Limit Order**: Buy/sell at a specific price or better. Won’t execute if the price isn’t met.

3. **Stop Order (Stop-Loss)**: Automatically triggers a market order once a certain price is hit, protecting you from further losses.

4. **Stop-Limit Order**: Similar to a stop order, but with a specific price range for execution.

5. **Trailing Stop**: A dynamic stop order that adjusts with the price movement to lock in profits.

6. **Fill or Kill (FOK)**: Must be executed in full immediately or not at all