#OrderTypes101

Market orders execute instantly at current prices—great for speed, not precision. Limit orders let you buy/sell at your desired price, ideal for planning entries/exits. Stop-loss orders automatically sell when price drops to a set level, protecting you from big losses. Take-profit orders secure gains when the price hits your target.

Example: A trader in Germany buys Apple stock using a limit order at $180. They set a stop-loss at $175 and take-profit at $195. The stock dips, fills the limit order, rises to $195—take-profit triggers, locking in profits automatically. The right order types made all the difference.