#OrderTypes101

Order Types101 distills the essential commands traders send to an exchange or broker. The three pillars are market, limit, and stop/stop-limit directives. A market order executes instantly at the prevailing quote, maximizing speed but surrendering price control. A limit order sits until the asset touches a user-defined threshold or better, protecting execution cost. Stop or stop-limit orders activate only when a preset stop level is breached, automatically locking gains or capping losses while reducing slippage. Mastery of these fundamentals lets professionals choreograph liquidity access, defend capital, and systematize strategies long before venturing into more complex algorithmic tactics.