Order type #订单类型解析 is a different form of trading instructions, mainly divided into the following categories:
- Market Order: Executed immediately at the current market price, the advantage is quick execution, but the downside is that the price may fluctuate.
- Limit Order: Set a target price, executed when reached, allows cost control, but may not be executed.
- Stop Loss Order: Converts to a market order to sell when the price reaches the stop loss level, used to control losses.
- Take Profit Order: Sells to lock in profits when the price reaches the expected level.
Different orders are suitable for different trading strategies; reasonable selection can reduce risk and optimize returns.