#OrderTypes101

Order types are instructions traders give to brokers on how to buy or sell securities. The most common is a market order, which executes immediately at the current price. A limit order sets a specific price, executing only if that price is reached. A stop order becomes a market order once a trigger price is hit, while a stop-limit order sets both a trigger and a limit price. Trailing stops adjust with market movement, locking in profits. Understanding order types helps manage risk, control entry/exit points, and improve trading efficiency in dynamic financial markets. Always choose wisely.