#OrderTypes101 Understanding the different types of orders is fundamental for anyone operating in financial markets, whether with stocks, currencies, or cryptocurrencies. Knowing them well will allow you to execute your strategies more effectively and manage risk better.

The market order is the simplest: you simply buy or sell an asset at the current available price in the market. Its advantage is the speed of execution, but it does not guarantee a specific price, which can be a disadvantage in volatile markets.

On the other hand, the limit order allows you to set a maximum price at which you are willing to buy or a minimum price at which you are willing to sell. This order only executes if the market reaches or exceeds that price.