#Liquidity101 Trading orders are like your instructions to buy or sell assets. Here I explain them simply:

1. Market Orders

Imagine you want to buy something right now, at whatever price. That is a market order. It's the fastest, but the final price may vary a little from what you saw.

2. Limit Orders

Here you are more specific: you want to buy or sell, but only if the price is what you want or better. If the market does not reach your price, the order is not executed. This way you don't pay too much or sell too cheaply.

3. Stop Orders

These are to protect you or to take action when the price moves to a certain point. If the price reaches your "stop", the order turns into a market order and is executed. They are ideal for limiting losses or for taking advantage of market movements.

4. Stop-Limit Orders

These are like a stop order, but with an extra layer of security. When the price reaches your "stop", it does not turn into a market order, but rather into a limit order. This gives you more control so that the execution occurs at a price that suits you, but you run the risk of the order not being executed if the price spikes.

5. GTT Orders (Good 'Til Triggered)

These orders are for when you have time. You leave it set and it remains active until the price you want is reached, or until you cancel it yourself. They do not expire at the end of the day like others.

In summary, each type of order gives you a different level of control over the price and speed of execution. Would you like to know more about when to use each one?