#OrderTypes101 Knowing the types of orders is key to trading intelligently.

A Market Order is executed at the current market price: fast, but without price control.

The Limit Order allows you to set the price at which you want to buy or sell: more control, but does not guarantee immediate execution.

The Stop Order triggers a market order upon reaching a certain price: useful for managing losses.

Each type has its purpose. Using them well can make the difference between losses and profits.