#OrderTypes101
Understanding order types is essential for every trader. Market orders execute immediately at the current price, ideal for quick entries or exits. Limit orders let you set a specific price, offering more control but no guarantee of execution. Stop-loss orders help manage risk by closing trades automatically when the price hits a certain level. Stop-limit orders combine both stop and limit features for precision. Knowing when and how to use each type can greatly impact your trading results. Mastering these basics forms the foundation for more advanced strategies.
