Types of Trading Orders: The Essentials You Need to Know

In the world of trading, understanding the types of orders helps you execute trades more accurately and with better control.

The most common types:

Market Order: Executes the trade immediately at the best available price. Fast but may encounter slippage.

Limit Order: Specifies the price at which you want to buy or sell, and is only executed if the market reaches that price.

Stop Order: Activated when the price reaches a certain point, often used to limit losses.

Choosing the right type protects you from market volatility and enhances your strategy.