#OrderTypes101
Understanding different order types is crucial for effective trading. A market order executes immediately at the best available price, offering speed but no price guarantee. Limit orders, conversely, allow you to specify a maximum buy price or a minimum sell price, ensuring you only trade at your desired level or better. While they might not fill instantly, they provide crucial price control. Stop-loss orders are vital risk management tools, automatically selling an asset if it falls to a predetermined price, limiting potential losses. Mastering these fundamental order types is the first step towards smarter trading strategies. They form the bedrock of navigating volatile markets and protecting your capital.