#OrderTypes101 What are order types? In the world of stock trading and financial markets, order types are instructions given by investors to their brokers or trading platforms on how to execute a trade. These instructions dictate the price, timing, and conditions under which a trade should be carried out. Understanding the different order types is crucial for effective trading strategies and can significantly impact your investment outcomes.

Importance of using different order types. Utilising various order types allows traders to have greater control over their trade execution. Different order types can help manage risks, optimise entry and exit points, and adapt to market conditions. Whether you're a beginner or an experienced trader, knowing when and how to use these orders can enhance your trading performance.