#OrderTypes101

Order types are instructions traders use to control how they buy or sell assets. A market order executes immediately at the current price, offering speed but less price control. A limit order lets traders set a specific price, but it only executes if the market reaches that level. Stop orders trigger a market order once a set price is hit, useful for limiting losses. Stop-limit orders add price control by turning into a limit order after the stop is reached. Take-profit and trailing stop orders help automate profit-taking and loss protection. Choosing the right order type is key to smart trading.