#OrderTypes101 Understanding the types of orders in trading is essential for proper risk management. The most common orders are: Market Order, which is executed immediately at the best available price; Limit Order, which allows setting a specific price for buying or selling; and Stop Order, which triggers a market order when a certain price is reached. There are also combinations like Stop-Limit, useful for greater control. Using the right type of order allows for optimizing market entry and exit, avoiding unnecessary losses or unfavorable entries. It is crucial for any serious trader to master these tools.