#OrderTypes101 Types of Trading Orders Every Trader Should Know

🔹 Market Order (Market Order)

You buy or sell instantly at the best available price. Ideal when speed is more important than the exact price.

🔹 Limit Order (Limit Order)

You set your price — the buy/sell is executed only when the market reaches it. More control, but you might not "hit" the trade.

🔹 Stop Order (Stop Order)

Acts when the price reaches a certain level — to protect against large losses or to lock in profits. This is your trading "safety net."

🔹 Stop-Limit Order

A combination of stop + limit: activates when the stop price is reached, but executes only at the specified limit price. More control, but more risk that the order may remain unfulfilled.