#OrderTypes101

Order types define how you buy or sell assets in trading. The most common is the market order, which executes immediately at the best available price—fast but may suffer slippage. A limit order sets a specific price to buy or sell, offering control but no guarantee of execution. Stop-loss orders automatically sell when the price drops to a set level, helping manage risk. Stop-limit orders combine stop and limit, triggering a limit order when a stop price is hit. Trailing stops adjust with price movements to lock in profits. Understanding order types helps traders control timing, risk, and execution—key to smarter, safer trades.