What is the difference between order types?

There are three Order Types: Market Order, Limit Order, and Stop Order.

A Market Order is an order to buy or sell an asset immediately at the best available price in the current market.

A Limit Order is an order to buy or sell an asset once a specific price has been reached.

A Stop Order is an order to buy or sell an asset at the next available market price once the "stop price" has been reached.