#OrderTypes101

Understanding order types is essential for smart trading decisions. The three most common types are: Market Order, Limit Order, and Stop Order. A Market Order executes instantly at the current price—fast but may cause slippage. A Limit Order sets a specific price to buy/sell—ensuring control but may not execute if the market doesn't reach that price. A Stop Order triggers a market order once a set price is hit—useful for managing risk. Advanced traders also use Stop-Limit and Trailing Stop Orders for precision. Choosing the right order type helps control entry, exit, and risk management.