#OrderTypes101 Understanding order types is crucial for effective trading. The most common type is the Market Order, where a trader buys or sells immediately at the current market price. Then there’s the Limit Order, which executes only when the market reaches your specified price. Stop-Loss Orders help protect from major losses by triggering a sell when the price drops to a certain level. Take-Profit Orders lock in profits by selling once a target price is reached. Choosing the right order type ensures better risk management and can significantly impact your trading results.