Understanding the types of trade orders is the first step to effectively managing risk. Market Order allows for immediate execution at market price – fast but prone to slippage. Limit Order allows you to buy/sell at your desired price – better price control but may not get executed. Stop Order and Stop-Limit Order are used to cut losses or take profits when the price reaches a certain threshold. Using the right type of order helps you optimize your trading strategy, protect your capital, and increase your success rate in both bullish and bearish markets.