#OrderTypes101 The main types of orders in the financial market are market order, limit order, stop order, and stop-limit order. The market order is executed immediately at the available market price, while the limit order is executed at a specific price or better. The stop order is triggered when the price reaches a certain level (trigger price), and the stop-limit order combines the features of stop and limit orders.

Types of Orders:

Market Order:

It is executed immediately at the available market price, which may be more or less favorable to the investor.

Limit Order:

It is executed at a specific price or better, ensuring that the investor does not pay more than the specified amount.

Stop Order:

It is triggered when the price reaches a certain level, and from there it is converted into a market or limit order, depending on the chosen type of stop order.

Stop-Limit Order:

Combines the features of stop and limit orders, being triggered when the price reaches a certain level and converted into a limit order.

Fill or Kill Order (FOK/TON):

The order is executed in full or canceled. It is used by traders who deal with large volumes.

Good Till Canceled Order (VAC):

The order remains active until it is executed or canceled by the investor.

Trailing Stop:

It is automatically adjusted to follow the price of the asset, protecting the investor from losses if the price drops.

One Cancels the Other (OCO):

It is a pair of orders, where one is executed and the other is canceled.

Stop Loss Order:

It is used to limit losses in a trade, being triggered when the price reaches a certain level.

Stop Gain Order:

It is used to secure profits in a trade, being triggered when the price reaches a certain level. #BTC #BNB_Market_Update