#OrderTypes101 Order types are instructions traders use to buy or sell assets under specific conditions. A market order executes instantly at the current price. A limit order sets a specific price, executing only when the market reaches that level. A stop-loss order automatically sells an asset when it drops to a certain price, minimizing losses. A stop-limit order combines stop and limit features, triggering a limit order once the stop price is hit. Trailing stops follow market trends to lock in profits. Choosing the right order type helps manage risk, control entry/exit points, and improve overall trading efficiency and discipline.