#OrderTypes101 helps you understand the basic types of orders when trading on the financial exchange. A Market order is an immediate buy/sell order at the current market price, suitable when you want to execute an order quickly. A Limit order allows you to set a specific buy/sell price, only executing when the market reaches that price - ideal for better price control. A Stop-Loss order is used to automatically cut losses when the price drops to a level you define. Additionally, there is a Take-Profit order to secure profits at the expected level. Understanding each type of order helps you manage risk, optimize profits, and build a more effective trading strategy in all market conditions.