#OrderTypes101 is essential knowledge for anyone entering the world of trading. An order type determines how your trade is executed—timing, price, and control all hinge on it. The most common is the market order, which executes immediately at the best available price.

Limit orders, on the other hand, let you set the price you’re willing to buy or sell at, offering more control but no execution guarantee. Stop orders trigger a market order once a specific price is hit, often used to limit losses.