#OrderTypes101

There are several fundamental order types in the trading market, crucial for beginners to grasp. A Market Order is the simplest: you instruct your broker to buy or sell immediately at the best available current price. While ensuring execution, the exact price might fluctuate.

Limit Orders offer more control. You set a specific price at which you're willing to buy or sell. A buy limit order will only execute at your specified price or lower, while a sell limit order will execute at your specified price or higher. This guarantees your desired price but doesn't guarantee execution if the market doesn't reach your limit.

Understanding these basic order types is a crucial first step for anyone entering the trading world. They form the foundation for more complex strategies.