#OrderTypes101 Understanding order types is key to successful trading. The most common are market orders, which execute immediately at the current price, and limit orders, which let you set a specific price to buy or sell. Stop-loss orders help minimize losses by triggering a sale once the price drops to a set level. Take-profit orders lock in gains when a target price is reached. Each order type serves a purpose depending on your strategy and risk tolerance. Mastering these tools can give you better control over trades and improve outcomes.