#OrderTypes101

In the stock market, order types are essential for investors and traders. An order determines how and when a stock is bought or sold, including the price and timing.

There are three main types of orders: Market Order, Limit Order, and Stop Order.

1. Market Order is an order to buy or sell immediately at the current market price. It’s ideal for those who want quick execution without worrying about the exact price.

2. Limit Order allows you to set a specific price. The trade will only execute if the market reaches that price or better. It's great for those who want more control over the price.

3. Stop Order triggers a buy or sell only when the stock reaches a certain price. It’s commonly used to limit losses (stop loss) or lock in profits (take profit).

Understanding order types helps traders and investors make smarter decisions in the stock market.