An entry order is a type of trade order used by investors and traders to execute a buy or sell transaction when a specified price level is reached. This order can be set as a limit order, where the trader specifies the maximum price they are willing to pay for a buy order or the minimum price for a sell order, or as a market order, which executes immediately at the current market price. Entry orders help traders manage their risk and capitalize on price movements without having to monitor the market constantly.