#OrderTypes101

Understanding order types is essential for successful trading. A market order executes immediately at the current market price, perfect for quick buys or sells. A limit order lets you set a price you’re willing to buy or sell at, offering more control but not guaranteed execution. A stop-loss order triggers a sell when a price hits a certain level to limit losses. There’s also the stop-limit order, combining both stop and limit logic. Knowing when and how to use these order types can improve your risk management and trading strategy, especially in volatile markets. Always plan before placing orders.