#OrderTypes101 A term that refers to the types of trading orders and the basics that one must know in the trading world, as understanding the types of orders helps you execute more accurate and controlled trades.
The most common types of orders:
Market Order: Executes the trade immediately at the best available price. Fast but may face slippage.
Limit Order: Sets the price at which you want to buy or sell, and is only executed if the market reaches that price.
Stop Order: Becomes active 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.