Order types

Order types are the different instructions you can give when buying or selling stocks and other financial instruments. A **market order** executes immediately at the current price, ensuring quick action. A **limit order** sets a maximum or minimum price at which you're willing to buy or sell, waiting until the market reaches that point. A **stop or stop-loss order** becomes a market order once a certain price is reached, helping to limit potential losses. These different types give traders control over how and when their trades are executed, matching their risk tolerance and investment goals.