#OrderTypes101
Order types refer to the various instructions a trader gives to a broker or trading platform when buying or selling financial instruments. Common types include:
1. Market Order – Executes immediately at the current market price.
2. Limit Order – Executes only at a specified price or better.
3. Stop Order – Becomes a market order once a specific price is reached.
4. Stop-Limit Order – Combines stop and limit features; triggers a limit order at a set price.
5. Trailing Stop Order – Moves with the market price to lock in profits.
Each type serves different trading strategies and risk preferences.
