#OrderTypes101 Knowing order types helps you trade smarter. A **market order** buys or sells instantly at the best price, offering speed but risking slippage. A **limit order** lets you set the exact price to buy or sell, offering more control. A **stop order** (or stop-loss) triggers a market order when a specific price is hit to minimize losses. A **stop-limit order** combines a stop trigger with a limit price for more precision. A **trailing stop** adjusts automatically with price movement to protect gains. Using the right order type improves risk management, execution, and your overall trading strategy.
