#OrderTypes101 Market Order: Buy or sell immediately at the best available price.

Limit Order: Set a specific price for buying or selling, executed only when reached.

Stop-Limit: An order that is activated at a specific price, then turns into a limit order.

OCO Order: A dual order (Take Profit + Stop Loss), one is canceled when the other is executed.

Trailing Stop (for contracts only): A moving stop loss that follows the price in your favor.

Using the appropriate orders helps you control the trade, reduce losses, and increase profits. A smart trader does not rely solely on Market Order but utilizes Limit, Stop-Limit, and OCO to protect capital.