Types of Trading Orders in Brief

In the world of trading, there are several types of orders that help you execute trades in a way that suits your strategy. The most famous are:

Market Order: Executes immediately at the best available price.

Limit Order: Executes only at the price you specify or better.

Stop Order: Becomes a market order when the price reaches a certain point.

Stop-Limit: Becomes a limit order after reaching the stop price.

Understanding these orders helps you manage risk and make smarter trading decisions.