#OrderTypes101 OrderTypes101 – Understanding order types is key to smart trading. A market order buys or sells instantly at the best available price – fast but less control. A limit order lets you set your desired price – more control, but execution isn’t guaranteed. Stop orders trigger a trade once a specific price is hit, useful for minimizing losses or locking profits. Stop-limit orders combine both features for even finer control. Mastering these tools helps you trade with strategy, not emotion. Whether you're scalping or holding, knowing when and how to use each order type can define your trading success.