#OrderTypes101

Understanding order types is essential for smart trading. A market order buys or sells instantly at the best available price—fast but less precise. A limit order lets you set the price you want; it executes only when the market reaches your target, offering control but not guaranteed execution. A stop-loss order helps limit losses by selling automatically if the price drops to a set level. Take-profit orders lock in gains by closing your trade at a chosen profit point. Knowing when and how to use each order type helps manage risk and improve your trading strategy.

Understanding order types is essential for smart trading. A market order buys or sells instantly at the best available price—fast but less precise. A limit order lets you set the price you want; it executes only when the market reaches your target, offering control but not guaranteed execution. A stop-loss order helps limit losses by selling automatically if the price drops to a set level. Take-profit orders lock in gains by closing your trade at a chosen profit point. Knowing when and how to use each order type helps manage risk and improve your trading strategy.