#OrderTypes101 #OrderTypes101

In trading, understanding order types is key to success. A market order executes instantly at the current price, ideal for quick entry or exit. A limit order sets a specific price, executing only when that price is reached, giving control over cost. A stop order activates a market order once a set price is hit, often used to limit losses. A stop-limit order combines stop and limit, adding precision. Trailing stops adjust with price movement to lock in profits. Knowing these helps traders manage risk, improve timing, and stick to strategies effectively. Mastering order types is essential for smart trading.