#CircleIPO Mastering order types is essential for effective trading. A market order executes immediately at the current price, ensuring fast trades. Limit orders allow you to buy or sell at a specific price, giving more control. Stop orders trigger a market order once a set price is reached—great for risk management. Stop-limit orders combine stop and limit orders, offering precision in volatile markets.

Understanding these tools helps traders navigate the market with confidence, reducing risk and maximizing potential gains. Use them wisely to enhance your trading strategy!