#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 a specific price to buy or sell, offering control but no guarantee of execution. A stop-loss order helps manage risk by selling once a price drops to a certain level. A stop-limit order combines both stop and limit features for more control. Take-profit orders lock in gains by selling at a target price. Knowing when and how to use each type helps you manage risk, protect profits, and trade more strategically.
