#OrderTypes101

In trading, understanding order types is key. A market order buys or sells instantly at the best available price. A limit order sets a specific price—you only trade if the market reaches it. A stop-loss order sells automatically to limit losses when prices drop. A stop-limit order combines stop-loss and limit features for precise control. Trailing stop orders adjust automatically with price movements to lock in profits. Fill-or-kill orders must be executed fully and immediately, or not at all. Choosing the right order type helps manage risk, improve execution, and align trades with your strategy and market conditions.