#OrderTypes101 Understanding order types is essential for effective trading. The most common types include:

1. **Market Orders** – Execute immediately at current prices.

2. **Limit Orders** – Set a specific buy/sell price.

3. **Stop Orders** – Trigger when a price is reached, converting to a market order.

4. **Stop-Limit Orders** – Combine stop and limit features for more control.

Each type serves different strategies—market orders offer speed, while limit orders provide price precision. Traders must choose wisely based on goals, risk tolerance, and market conditions. Mastering order types enhances execution efficiency and minimizes costly mistakes.