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What are the different order types?

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Question
What are the different order types?

Answer

A ‘Market order’ is the simplest order type. It is an order to buy or sell at the prevailing market price.

A “Pending Order” is an order to buy or sell at a pre-defined price in the future. The following types of pending orders are available:

  •         Buy Limit
  •         Buy Stop
  •         Sell Limit
  •         Sell Stop

You can attach a Stop Loss and/or Take Profit to any order.

*You can modify a Stop Loss/Take Profit level before or after the order has been executed, but the order itself cannot be modified or deleted when it is being executed by the broker.


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Views: 1662 Created on: Jul 23, 2021
Date updated: Mar 01, 2023

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