#OrderTypes101

In the world of trading, knowing the types of orders is a fundamental step for managing your trades professionally and reducing risks. There are several types of orders, each used according to market conditions and your specific strategy.

First, the Market Order, which is the simplest type, is executed immediately at the best available price. It is suitable when you want to enter or exit quickly, but it does not guarantee the best price.

Second, the Limit Order, which allows you to specify the price at which you want to buy or sell. This type gives you more control but is only executed if the desired price is reached.

Third, the Stop Order, which is often used to minimize losses, as it automatically activates the order when the price reaches a certain point.

Understanding these orders helps you manage your trades intelligently, whether you are a beginner or an advanced trader.