#OrderTypes101 When you trade on the stock exchange, it's important not only what you buy or sell, but also how you do it. This is why different types of orders exist.

🔹 Market Order

You buy or sell at the current market price.

📌 Fast, but not always profitable — especially in a volatile market.

🔹 Limit Order

You set the price at which you want to buy or sell.

📌 The trade will only occur when the market reaches that price. Ideal for those who are not in a hurry.

🔹 Stop Order

The order activates only after a certain trigger price is reached.

📌 Used to protect against losses (stop-loss) or to lock in profits.

🔹 Stop-Limit Order

A hybrid of stop and limit: it first activates when the trigger price is reached and then becomes a limit order.

📌 Useful, but may not be executed if the price moves too quickly.

⚠️ Knowledge and proper application of orders is the key to managing risks and effective trading.