Understanding different order types is crucial if you want to trade smartly. A market order executes instantly at the current price—great for speed but risky in volatile markets. A limit order lets you set your price, offering control but no guarantee of execution. Then there’s the stop-loss order, designed to limit your losses by selling once a specific price is hit. Stop-limit orders combine both features but may miss execution in fast drops. Each type has a purpose depending on your strategy. Knowing when and how to use them can make a big difference in your trading results. Don’t just trade—trade with intention and clarity.
