#OrderTypes101 Order Types 101

In trading, order types determine how and when your trade is executed. The most basic type is a market order, which buys or sells immediately at the current market price. A limit order sets a specific price to buy or sell, executing only if the market reaches that level. A stop order activates a market order once a set price is hit, often used to limit losses. A stop-limit order combines both stop and limit features. Trailing stops adjust automatically as prices move in your favor. Understanding order types is crucial for managing risk, securing profits, and maintaining control over trade execution in fast-moving markets.