#OrderTypes101 Here is a short guide #OrderTypes101 — the main types of orders in trading:

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🟢 1. Market Order

🔹 Buy/sell instantly at the best available price.

✅ Fast

⚠️ May be a worse price in low liquidity

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🔵 2. Limit Order

🔹 Buy/sell at a specified price or better.

✅ Control over price

⚠️ May not execute if the market does not reach the price

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🟡 3. Stop Order

🔹 Activated when the price reaches a specified level.

Used to limit losses or secure profits.

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🔺 4. Stop-Limit Order

🔹 Combination of stop and limit:

Stop price → activates the limit order.

✅ More control

⚠️ Does not guarantee execution

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🔻 5. Take-Profit Order

🔹 Closes the position automatically when the target price is reached.

✅ Secures profit

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📌 Tip:

🔹 Beginners should start with market and limit orders.

🔹 To protect capital — always use stop-loss.