#OrderTypes101 In trading, understanding order types is key. A Market Order buys/sells instantly at the best available price — fast but may face slippage. Limit Orders let you set your desired price; the trade only executes if the market reaches it — great for control. Stop-Loss Orders help manage risk by automatically selling if price drops to a certain level. Take-Profit Orders secure profits once your target price hits. Some platforms offer advanced orders like Trailing Stops that adjust automatically as price moves. Mastering order types helps you trade smarter, protect your capital, and maximize gains.