#OrderTypes101 Understanding order types is essential for smart trading. The type of order you place determines how and when your trade gets executed — and can significantly impact your results.

Market Orders are the most straightforward. They buy or sell immediately at the best available price. Fast, but not always price-precise.

Limit Orders let you set the exact price at which you're willing to buy or sell. They offer control, but there's no guarantee your order will be filled.

Stop Orders are designed to limit losses or lock in profits. When the market hits a set price (stop price), it converts into a market order.

Stop-Limit Orders combine both features — triggering at a stop price and filling only at your specified limit.

Knowing when and how to use these tools gives you the edge. Always match your order type to your strategy.

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