#OrderTypes101 is an insightful guide that delves into the various types of orders in trading and investing. Understanding these order types is crucial for making informed decisions in the financial markets. The main types include market orders, limit orders, stop orders, and stop-limit orders. Each serves a different purpose: market orders execute immediately at current prices, while limit orders specify a price to buy or sell. Stop orders trigger an action when a specific price is reached, while stop-limit orders combine the features of both. By grasping these concepts, traders can enhance their strategies and manage risk more effectively.