#OrderTypes101

Understanding order types is essential for effective trading. A market order executes instantly at the current market price, ideal for fast execution. A limit order lets you set a specific price to buy or sell, offering more control but no guarantee of execution. Stop orders trigger a market or limit order once a certain price is reached, useful for managing risk. Stop-loss helps limit potential losses, while take-profit locks in gains. Trailing stops adjust dynamically as the market moves. Knowing when and how to use each order type can improve your strategy, protect your capital, and optimize trade outcomes.