#OrderTypes101 Order types are instructions given to brokers on how to buy or sell assets in financial markets. The most common type is a market order, which executes immediately at the current price. A limit order sets a specific price, and the trade only occurs if the market reaches that level. A stop order becomes a market order once a certain price is hit, often used to limit losses. Stop-limit orders combine features of both stop and limit orders. Understanding order types helps investors control trade timing, pricing, and risk, making them essential tools for effective market participation and strategy.