#OrderTypes101 OrderTypes101 Let's break down the different types of orders you can use when trading:

1. Market Order

- *Executes immediately* at the best available price.

- *No price guarantee*, but fast execution.

2. Limit Order

- *Executes at a specific price* or better.

- *Price control*, but no guarantee of execution.

3. Stop-Loss Order

- *Triggers a sale* when the price falls to a certain level.

- *Limits potential losses*.

4. Take-Profit Order

- *Closes a position* when the price reaches a certain level.

- *Locks in profits*.

5. Stop-Limit Order

- *Combines stop-loss and limit orders*.

- *Triggers a limit order* when the stop price is reached.

6. Trailing Stop Order

- *Adjusts the stop price* based on market movement.

- *Protects profits* while limiting losses.

7. Fill or Kill (FOK) Order

- *Executes immediately* or cancels the order.

- *No partial fills*.

8. All or None (AON) Order

- *Executes only if the entire order* can be filled.

- *No partial fills*.

9. Good Till Cancelled (GTC) Order

- *Remains active* until executed or cancelled.

- *Can be active for days or weeks*.

10. Day Order

- *Expires at the end of the trading day* if not executed.

- *No overnight risk*.

Understanding these order types can help you manage your trades more effectively and achieve your trading goals.