#OrderTypes101
Understanding different order types is key to smart trading. A market order executes instantly at the current price—great for speed, but not price control. A limit order sets your desired price—ideal for precision, but not guaranteed to fill. Stop-loss orders help manage risk, triggering a sale when prices fall to a set level. Combining types helps balance risk and reward. Know when and why to use each!
Understanding different order types is key to smart trading. A market order executes instantly at the current price—great for speed, but not price control. A limit order sets your desired price—ideal for precision, but not guaranteed to fill. Stop-loss orders help manage risk, triggering a sale when prices fall to a set level. Combining types helps balance risk and reward. Know when and why to use each!