#OrderTypes101 Trading Orders:

- Market Order: it executes instantly at the best available price. Ideal for entering or exiting quickly, but beware of fees and slippage (the difference between the expected price and the actual price).

- Limit Order: you set a specific purchase or sale price. The order only executes if the market reaches that price. It’s perfect for controlling your entry or exit point.

- Trailing Stop: this dynamic order follows the market with a defined gap. It protects gains by rising with the price but triggers a sale if the price drops by a certain percentage or amount.

Using the right order means trading strategically.