An order in trading is an instruction to buy or sell a financial asset at a specified price. The following types of orders to help traders manage their trades:

• Sell stop order: This order is placed when a trader wants to sell (or go short) at a price below the current market price. It is executed when the bid price reaches or falls below the specified stop price.

• Buy stop order: This order is placed when a trader wants to buy (or go long) at a price above the current market price. It is executed when the ask price reaches or exceeds the specified stop price.

• Sell limit order: This order is placed when a trader wants to sell (or go short) at a price above the current market price. It is executed when the bid price rises to or exceeds the specified sell limit price.

• Buy limit order: This order is placed when a trader wants to buy (or go long) at a price below the current market price. It is executed when the ask price drops to or below the specified buy limit price.