#OrderTypes101 #OrderTypes101

Understanding order types is key to smart trading. A market order buys or sells immediately at the best available price—fast but with less control over execution price. A limit order sets a specific price, executing only when the market reaches it—offering precision but no guarantee of filling. A stop-loss order helps manage risk by triggering a market order once a certain price is hit. A stop-limit order combines both, triggering a limit order at a set price. Choosing the right order type helps balance speed, control, and risk—crucial for effective trading in volatile markets.