#OrderTypes101

In trading, knowing different order types can help you control your entries and exits more efficiently. The most basic is a market order, which buys or sells immediately at the current market price. A limit order lets you set a specific price at which you want to buy or sell—useful when you want better control over execution. A stop-loss order helps protect you from large losses by closing your trade automatically when the price hits a certain level. There are also take-profit orders, which lock in profits when a target is reached. Mastering these order types can improve your risk management and trading discipline.