#OrderTypes101 Successful trading is impossible without understanding how orders work. Many beginners limit themselves to Market orders, which are executed instantly at the current price. But more experienced traders actively use Limit orders, allowing them to set a desired buying or selling price and wait for it to be reached.

There are also more advanced types: Stop-Loss — automatic selling when the price falls to a certain level (to protect capital), Take-Profit — securing profits at a predetermined level.