#OrderTypes101 Market orders are quite straightforward. When you place a market order, you are essentially saying: 'I want to buy or sell this now, at the best available price.' You are not concerned with setting a specific price; you simply take what the market offers you at that moment. This can be helpful when the speed of the transaction is more important than the exact price at which it is executed. But keep in mind that since you do not set a price limit, you could receive executions at different prices if the market is changing rapidly.

These two orders are primarily used to limit our risk and secure our profits.

Imagine we buy shares of Amazon at €160.51 each. If we place a Stop Loss at €155.51, this means that if the price drops to that level, the shares will be sold automatically. With this, we would be limiting our losses to €5 per