#OrderTypes101 — What a beginner trader needs to know

Trading on the stock exchange is not just about charts and analytics. One of the key elements is the types of orders. Let's go over the basics:

🔹 Market Order

Buy or sell instantly at the best available price. Fast, but not always profitable.

🔹 Limit Order

You specify your price — and wait. The purchase/sale will only occur when the market reaches that price. More control, but it may not be executed.

🔹 Stop Order / Stop-Loss

Automatically activates when the price reaches a certain level. Used to limit losses or enter a position on a breakout.

🔹 Stop-Limit Order

A combination of stop and limit. Once the stop is triggered, a limit order is created. Provides more control, but there is a risk that the order may not execute in a fast-moving market.

🧠 Tip:

Don’t know what to choose? For beginners — it’s better to start with limits. They are safer and teach you to wait.