In trading, using the right order type is essential. A market order executes instantly at the current best price, ideal for fast entries but with potential slippage. A limit order lets you set a specific price — it executes only when the market reaches that price, offering control but no guarantee of execution. Stop‑loss orders help manage risk by automatically selling if the price drops to a set level. A trailing stop dynamically adjusts with market movements, locking in profits while protecting you from reversals. Understanding these #OrderTypes101 empowers traders with flexibility and precision, helping minimize loss and optimize gains.