#OrderTypes101: Understanding order types is key to smart trading. A Market Order buys or sells instantly at the best available price—fast but less precise. A Limit Order sets your price; it executes only when the market matches it, giving more control. A Stop Order triggers a market order once a set price is reached, useful for cutting losses. A Stop-Limit Order combines stop and limit features for precise exit strategies. Trailing Stops follow price trends to lock in profits. Each type serves a purpose—choose wisely based on your risk tolerance and strategy. Mastering order types boosts your trading game.
