#OrderTypes101 Understanding order types is key to successful trading. A market order executes instantly at the best available price. It’s great for speed but not for price precision. A limit order lets you set the price you’re willing to buy or sell at — it gives you control but may not execute if the market doesn’t reach your price. A stop-limit order triggers a limit order once a specific price is hit, useful for managing risks. Advanced traders often combine these orders for better control. Knowing when and how to use each order type can greatly improve your trading results.