#OrderTypes101 Order types are fundamental tools in trading that determine how and when trades are executed. The main types include "market orders," which buy or sell immediately at the current price, and "limit orders," which specify a purchase or sale price, executing only if the market reaches that level. Other types include "stop orders," which trigger a trade when the price surpasses a certain point, and "trailing stop orders," which follow market movement to protect profits. Understanding these types is crucial for an effective trading strategy and for managing risks.