#OrderTypes101 In trading, understanding order types is essential for risk management and executing trades effectively. Market orders are used when you want to buy or sell immediately at the current price. Limit orders let you set a specific price at which you want to buy or sell. Stop-limit orders are useful for protecting against losses. Personally, I prefer using limit orders because they help avoid slippage. Knowing when to use each order type can significantly improve your results and prevent emotional decisions. Mastering order types is like learning the language of trading—it gives you control and precision in your strategy.