#OrderTypes101

Understanding order types is key to smart trading. A market order buys or sells immediately at the current price. A limit order sets a specific price to buy or sell—only executes if that price is met. A stop order triggers a market order once a set price is reached, while a stop-limit order triggers a limit order at that point. Trailing stop orders adjust automatically with market movement. Each type has pros and cons based on risk tolerance and strategy. Mastering these tools helps manage trades more efficiently and avoid costly mistakes. Know your options before placing an order!