#OrderTypes101

In trading, understanding order types is key to executing your strategy effectively. A market order buys or sells instantly at the best available price — fast but with less control over price. A limit order lets you set the exact price to buy or sell, offering more control but no guarantee it will fill. A stop order becomes a market order once a specific price is reached, useful for stopping losses. A stop-limit order combines both, executing only at your set price after hitting the trigger. Choosing the right order type helps manage risk, lock in profits, and avoid surprises. Mastering them is essential for navigating volatile markets and protecting your capital.