#OrderTypes101 Understanding Order Types in Trading**

In financial markets, traders use various types of orders to effectively execute transactions and manage risks. Understanding order types is crucial for making informed decisions and optimizing trading strategies.

**Market Order** is the simplest type, which is executed immediately at the best available price. Traders use it when speed is more important than price accuracy. In contrast, a **Limit Order** allows traders to specify the price at which they want to buy or sell, providing better control but risking non-execution if the market does not reach the specified price.