#OrderTypes101 Order Types 101: Know Before You Trade

Understanding order types is key to smart trading. A market order buys or sells instantly at the best available price—fast but less control. A limit order sets a specific price—you trade only when the market hits it, offering more precision. A stop-loss order helps protect your investment by selling when the price drops to a set level. Take-profit orders secure gains by selling when a target is reached. Advanced traders use trailing stops to follow price trends. Choosing the right order type can improve your strategy, manage risk, and boost profits. Learn them before you trade!