Understanding order types is essential for every trader to manage risk and execute trades effectively. The most common types are market orders, limit orders, and stop orders. A market order executes immediately at the current price—ideal for quick entry or exit, but it may result in slippage. A limit order sets a specific price at which you’re willing to buy or sell; it gives more control but may not execute if the market doesn’t reach your price. A stop order becomes a market order once a trigger price is hit—used to limit losses or secure profits. Stop-limit orders combine stop and limit features, offering precision but with execution risk. Choosing the right order type depends on your strategy, timing, and risk appetite. Mastering these basics can help avoid costly mistakes and improve your trading discipline. Knowing your tools is the first step to smart trading. #OrderTypes101#OrderTypes101