#OrderTypes101

Order Type 101: A Quick Guide

In trading, understanding order types is key to managing risk and maximizing profit. The most common types are market and limit orders. A market order buys or sells immediately at the best available price, ensuring quick execution. A limit order, on the other hand, sets a specific price you're willing to pay or accept, offering control but no guarantee of execution. Other types include stop-loss and stop-limit orders, which help automate trades when prices hit certain levels. Mastering these basics can greatly improve your trading strategy and help you stay ahead in volatile markets.