Going over the 5 basic order types that can be applied to stocks and forex.

For the orders when trading you can use these to enter in the market. Market entry where you get in at a certain price point and area and is immediate. The buy limit gets you in at a cheap low bottom price, a buy stop order type is where you buy on a trending market. A sell limit gets you in on a higher price and then reverses or at at top. A sell stop order gets you in on a shorting order that is trending down. Market orders can protect so you can take minimal loses or not take any loses at all. When these entries can help time the best entries just be careful of your stop loss being to large or small for the move ahead.

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