The majority of people use limit orders the most, especially during periods of high price volatility. Using limit orders allows one to trigger their expected price level, keeping track of potential gains and losses.

The main types of orders in trading are as follows:

Market Order

- Definition: An order executed immediately at the current market price, where the user does not specify a price but buys or sells at the best available market price.

Limit Order

- Definition: An order where the user specifies a particular price for buying or selling, and the order will only be executed when the market price reaches or exceeds that specified price.