Order types define how trades are executed on an exchange. The most common are market orders, which buy or sell immediately at the current price. Limit orders specify a price at which you’re willing to buy or sell, and the trade happens only if that price is met. Stop-limit orders trigger a limit order once a certain stop price is reached, offering control during volatile markets. Stop-market orders act like stop-limits but execute as market orders once triggered. Choosing the right order type is crucial for trade execution and managing risk effectively. Each serves a different purpose.

#OrderTypes101