Types of Stock Market Orders
See the difference between market, limit, and stop orders and how each affects your trade price and timing.
When you trade, you decide not just what to buy, but how. Your order type controls the price and timing.
Common order types
Market order: Buys or sells immediately at the best available price. Fast, but price may change in seconds.
Limit order: Executes only at the price you set or better. You control the price, but it might not fill.
Stop order (stop-loss): Turns into a market order once a trigger price is hit. Helps limit losses automatically.
Bottom line
Order types are tools. Market orders move fast, limit orders control price, and stop orders protect you from big drops.