#OrderTypes101 When trading in financial markets, understanding different order types is crucial to managing risk and executing your strategy effectively. A market order is the most basic type—it's an instruction to buy or sell immediately at the best available price. It's useful for quick execution but offers no price control. In contrast, a limit order allows traders to set a specific price at which they’re willing to buy or sell, offering more control but no guarantee of execution. Then there’s the stop order, often used for protection, which turns into a market order once a certain price is hit. #OrderTypes101