#OrderTypes101

Understanding order types is essential for every trader who wants to take control of their strategy. The most basic order is the market order, where you buy or sell immediately at the best available price. It’s fast, but you may suffer from slippage. The limit order lets you set the exact price at which you want to buy or sell—perfect for those who want more precision, but it may not fill if the market doesn’t reach your price. More advanced types include stop orders, stop-limit, and trailing stops, which help manage risk. Knowing when to use each one is a game-changer.