#OrderTypes101 When trading in financial markets, understanding different order types is essential. Each order type helps you manage risk, timing, and execution more effectively. A market order executes immediately at the best available price—great for speed, but not for price certainty. A limit order sets a specific price, ensuring you don’t pay more or sell for less than you want, though it might not fill. Stop orders, like stop-losses, help protect against big losses by triggering a market order once a certain price is hit. Stop-limit orders add even more control by combining the features of both. Choosing the right order type depends on your trading strategy, risk tolerance, and market conditions. Mastering this is key to smart investing.