#OrderTypes101 The types of orders in trading play a vital role in managing transactions and achieving investment goals. The basic types of orders include: market order, which is executed immediately at the best available price; and limit order, which sets a specific price to buy or sell, allowing the trader to control the price. There are also stop-loss orders, which help reduce losses by automatically selling at a determined price. Additionally, there are stop-limit orders, which combine the features of limit orders and stop orders. Understanding these types helps traders make strategic decisions and make the most of market movements.