#OrderTypes101 *Order Types 101: A Quick Overview**

In trading, understanding order types is crucial for effective strategy. Here are the basics:

1. **Market Order**: Buy or sell immediately at the current market price.

2. **Limit Order**: Set a specific price at which you want to buy or sell. The order executes only if the price reaches your limit.

3. **Stop Order**: Triggers a market order when the price hits a certain level.

4. **Stop-Limit Order**: Combines stop and limit orders to set a specific entry or exit point.

Mastering these helps in managing risk and optimizing trades.