#OrderTypes101 Mastering different order types is essential for navigating any trading platform with confidence. The most common are market orders and limit orders. A market order executes immediately at the best available price — great for speed but risky during high volatility. A limit order, on the other hand, lets you set a specific price — offering control, but no guarantee of execution. Then there’s the stop-loss order, used to limit downside by triggering a market or limit order when a certain price is hit. Knowing when to use each type can protect your capital and optimize profits. Trade smarter, not harder.