#OrderTypes101 Understanding different order types is essential for effective trading in crypto or traditional markets. The most common types include:

1. **Market Orders**: Execute immediately at the current market price, ideal for quick trades but subject to slippage.

2. **Limit Orders**: Set a specific price to buy or sell, ensuring control over execution price but may not fill if the market doesn’t reach your target.

3. **Stop-Loss Orders**: Automatically sell an asset if its price drops to a certain level, minimizing losses.

4. **Take-Profit Orders**: Lock in profits by selling once the asset hits a predefined price.

5. **Stop-Limit Orders**: Combine stop-loss and limit orders, triggering a limit order once the stop price is reached.

Mastering these order types helps traders manage risk, optimize entries/exits, and execute strategies efficiently.