#OrderTypes101 Order type in trading refers to the instructions a trader gives to a platform to buy or sell an asset in a specific way. Common order types include market order (buy/sell immediately at the current market price), limit order (buy/sell at a specified price or better), and stop order (triggers an order when the price reaches a certain level). Understanding these order types is essential for managing risk, optimizing entry and exit points, and aligning strategies with market conditions. Each type has its own pros and cons, depending on market volatility and the trader’s objectives in a given trade.