#OrderTypes101 Order types are an important part of trading strategy. The most basic is the market order, which executes immediately at the current market price. Then there's the limit order, where you set the price at which you want to buy or sell — it gives better control, but it might not fill immediately. Another type is the stop-limit order, which becomes a limit order when a certain price is reached. There’s also the stop-market order, triggering a market order when a certain price is hit. Understanding order types helps minimize losses and maximize profits during volatile market conditions.