#OrderTypes101

In trading, understanding order types is essential. The most common is a market order, which buys or sells immediately at the current price—fast but less precise. A limit order sets a specific price to buy or sell, offering more control but no guarantee of execution. A stop-loss order automatically sells when the price drops to a set point, helping minimize losses. Stop-limit orders combine stop and limit features for tighter control. Trailing stops adjust with price movement, locking in gains. Choosing the right order type helps traders manage risk, control execution, and tailor strategies to different market conditions.