#OrderTypes101 Order types are instructions traders use to execute buy or sell transactions in financial markets. Market orders execute immediately at the best available price, prioritizing speed. Limit orders specify a price, executing only if the market reaches that level, offering control over costs. Stop orders trigger a market or limit order once a set price is hit, useful for minimizing losses or locking in profits. Stop-limit orders combine stop and limit features, executing at a specified price range. Trailing stops adjust dynamically based on market movements. Understanding these order types is key to effective trading, risk management, and achieving desired outcomes.