#OrderTypes101

stepping into the trading world? Then you need to understand order types. Whether you’re a beginner or brushing up, here’s a quick breakdown:

Market Order – Fastest way to buy/sell. You get the current market price — but it could slip if the market moves quickly.

Limit Order – Set your price. The trade only executes if your price is met or better. Great for control, but might not get filled.

Stop Order (Stop-Loss) – Protect yourself. This triggers a market order once a certain price is hit. Ideal for minimizing losses.

Stop-Limit Order – More control than a stop order. It becomes a limit order after your stop price is hit — but might not execute if the market moves fast.

Trailing Stop – A dynamic stop order that follows the market as it moves in your favor. Set it and let it ride the trend.

Why it matters: Using the right order type can be the difference between a smart trade and an expensive mistake.