# Order Types

Wick supports multiple order types, giving you flexibility and control over how trades are executed.

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<details>

<summary>Market Orders</summary>

A **Market Order** executes immediately at the best available price.

* **Best for:** Quick entries and exits.
* **Note:** Execution is guaranteed, but the price may vary slightly depending on liquidity.

</details>

<details>

<summary>Stops</summary>

A **Stop Order** triggers a market or limit order once a specific price is reached.

* **Best for:** Entering trades after confirmation or cutting losses quickly.

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<details>

<summary>Take Profit (TP) &#x26; Stop Loss (SL)</summary>

These are protective orders linked to your position.

* **Take Profit (TP):** Automatically closes your trade once your profit target is reached.
* **Stop Loss (SL):** Automatically closes your trade if losses hit a certain threshold.

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