#OrderTypes101 OrderTypes101: Understanding the Basics

#OrderTypes101 introduces the essential order types every trader should know. The *Market Order* buys or sells instantly at the current price—great for speed but may suffer slippage. A *Limit Order* lets you set your desired price, offering control but no execution guarantee. A *Stop Order* triggers a buy or sell once a certain price is reached, useful for risk management. *Stop-Limit Orders* combine both stop and limit features for precision. Knowing when and how to use each order type is key to managing risk, maximizing profits, and executing trades with confidence in any market condition.