#OrderTypes101 explains the main types of orders used in trading. A market order executes at the current price, offering speed but without precision. A limit order allows you to set a specific price, though it does not guarantee immediate execution. A stop-loss is triggered to limit losses when the price falls to a certain level. A stop-limit combines an activation level with a limit price. Trailing stops follow the price to secure profits. Understanding these types of orders helps manage risk, improve strategy, and trade with discipline. Making the right choice depends on the objective and market conditions.