Learn about the different types of orders available on our platform and how to use them effectively.

Market Orders

Overview

• Immediate execution at best available price
• No price guarantee
• Used for quick entry/exit
• Highest priority execution
• Best for liquid markets

When to Use

• Quick position entry
• Market momentum investing
• Emergency exit positions
• High liquidity situations
• Time-critical trades

Limit Orders

Overview

• Set your desired entry/exit price
• No execution guarantee
• Better price control
• Lower priority than market orders
• Price improvement opportunity

Types

• Buy Limit: Enter long below market
• Sell Limit: Enter short above market
• Take Profit: Exit at profit target
• Multiple limits for scaling

Stop Orders

Stop Market

• Triggers market order at stop price
• Used for loss protection
• No price guarantee after trigger
• Gap risk present
• Standard risk management tool

Stop Limit

• Combines stop and limit orders
• More price control
• Risk of no execution
• Complex but precise
• Requires careful planning

Advanced Orders

OCO (One-Cancels-Other)

• Pair of orders
• Either can execute
• Automatic cancellation
• Risk management tool
• Investing range strategy

Trailing Stop

• Dynamic stop loss
• Follows price movement
• Adjustable parameters
• Protects profits
• Automated management

Time in Force

Options Available

• Day Order (DAY)
• Good Till Cancelled (GTC)
• Immediate or Cancel (IOC)
• Fill or Kill (FOK)
• Good Till Date (GTD)

Order Placement Tips

Best Practices

• Consider market conditions
• Check order details twice
• Use appropriate order types
• Monitor open orders
• Regular order review

Risk Management

• Always use stop losses
• Position sizing importance
• Order confirmation
• Regular monitoring
• Portfolio balance