#OrderTypes101 order to buy or sell a security immediately at the current market price. Execution is prioritized over price, so it’s fast but may vary from the quoted price due to slippage.Limit Order: An order to buy or sell a security at a specific price or better. For a buy, it executes at or below your set price; for a sell, at or above. It guarantees price but not execution if the market doesn’t reach your limit.Stop Order (Stop-Loss): An order to buy or sell once the price hits a specified "stop" level. A buy stop triggers above the current price; a sell stop triggers below. Used to limit losses or protect profits, but execution price may differ due to rapid market moves.Stop-Limit Order: Combines a stop order and a limit order. Once the stop price is hit, it becomes a limit order, executing only within a specified price range. Offers more control bu