#OrderTypes101 The variety of order types available allows traders to tailor trades based on market conditions and personal strategies. Market, limit, and stop-loss orders are the most common, but advanced order types offer further versatility.

1. Market Orders

Market orders are one of the most straightforward types of orders. They execute immediately at the current market price, prioritizing speed over price control.

2. Limit Orders

Limit orders allow traders to specify a maximum or minimum price at which they want to execute a buy or sell.