#OrderTypes101 Types of Trading Orders: The Basics You Need to Know
In the trading world, understanding the types of orders helps you execute more precise and controlled trades.
The most common types:
Market Order: Executes the trade immediately at the best available price. Fast but may experience price 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 fluctuations and enhances your strategy.
