#OrderTypes101 Order Types 101

Order types in trading define how a trade is executed. The most common is the market order, which buys or sells instantly at the best available price. A limit order sets a specific price; the trade only executes when the market reaches that price. A stop-loss order automatically sells a position to limit losses if the price falls to a certain level. Take-profit orders secure profits by selling when a target price is reached. Advanced traders may use stop-limit or trailing stop orders. Understanding these types helps manage risk, control execution, and improve trading strategies.