#OrderTypes101

Order types are instructions traders use to buy or sell assets in financial markets. The most common types include market orders, limit orders, and stop orders. A **market order** executes immediately at the best available price, offering speed but less control over the exact price. A **limit order** sets a specific price at which you're willing to buy or sell, giving more control but no guarantee of execution. A **stop order** activates a market or limit order once a certain price is reached, helping manage losses or lock in profits. Other advanced types include stop-limit, trailing stop, and fill-or-kill orders. Understanding order types helps traders execute strategies effectively, manage risk, and respond better to market movements in real time.