#OrderTypes101

Understanding different order types is essential for successful trading. The most common is a Market Order, which executes immediately at the current price. A Limit Order sets a specific price, executing only if that price is reached. A Stop Order triggers a market order once a specific price is hit, while a Stop-Limit Order triggers a limit order instead. Trailing Stops move with the market, locking in profits. Each type serves different strategies—market orders for speed, limit orders for precision, and stops for risk control. Mastering these tools helps traders manage entries, exits, and protect capital effectively.