#OrderTypes101

#OrderTypes101: Understanding order types is essential for smart trading. The most common is the market order, which buys or sells immediately at the current price—great for speed, but not price control. A limit order sets a specific price; the trade only executes when the market reaches it, offering precision but no guarantees. Stop-loss orders help manage risk by selling a position when it hits a certain price. Stop-limit orders combine stop-loss and limit features for more control. Trailing stops adjust automatically with market movement, locking in gains. Each type serves a different strategy. Mastering order types empowers traders to act decisively, manage risk, and optimize entries and exits effectively.