#OrderTypes101 Understanding different order types is essential for effective trading. The most common is the market order, which executes instantly at the best available price—ideal for speed but may suffer from slippage. A limit order lets you set the exact price you want to buy or sell at, but it won't execute unless the market hits that level. Stop-loss orders automatically sell your position to limit potential losses, while take-profit orders lock in gains when your target price is reached. Choosing the right order type helps manage risk and improve strategy. For example, trading BTC/U#USDT with a plan in place can make all the difference.