#OrderTypes101

If you’re new to trading, understanding different order types is essential for managing risk and executing strategies effectively. “OrderTypes101” refers to the foundational knowledge every trader should have when entering the market. The most common order types include market orders, which execute instantly at the current price, and limit orders, which let you set a specific price at which you’re willing to buy or sell. There are also stop-loss orders to help protect against heavy losses by triggering a sale if the price drops to a certain point. Stop-limit orders combine the features of both stop and limit orders for more controlled exits or entries. Mastering these basic order types can empower traders to make more informed, disciplined decisions. Whether you’re day trading or investing long-term, knowing how and when to use each order type can be the difference between gains and losses.