Types of trading orders in the share market
Types of trading orders in the share market are as follows:
1)Buy order
2)Limit order
3)Sell order
4)Buy market order
5)Sell market order
6)Stop loss order
7)Stop loss trailing
8)Target order
1)Buy order:
If we have to purchase a share of a listed company on BSE(Bombay stock exchange and NSE( National stock exchange), then we should search for the share by putting the company name on the search button in our trading app and then clicking on add to watchlist. after adding the share, click on the share name then one order window opens up, click on the BUY button after putting all the values like buy quantity, and buy price and now our order will be placed to buy the share on the share market.
2)Limit order:
If we have to buy and sell a share of a listed company on BSE(Bombay stock exchange and NSE( National stock exchange), there is one option “LIMIT ORDER” by using this option we can buy and sell the shares at the price on which we have to buy and sell, then click on the share name then one order window opens up, click on the LIMIT Order put or enter all the values like buy or sell quantity, and buy or sell price and click on submit button, our order will be placed to buy or sell the share on the share market.
3)Sell order:
If we have to sell a share of a listed company on BSE(Bombay stock exchange and NSE( National stock exchange), then we should search for the share by putting the company name on the search button in our trading app and then clicking on add to watchlist. after adding the share, click on the share name then one order window opens up, click on the SELL button after putting all the values like sell quantity, and sell price and now our order will be placed to sell the share on the share market.
4)Buy at market order:
On this type of order, we can buy the share at market price. we can buy the share instantly by using the “Buy at market order” option.
5)Sell at market order:
In this types of order, we can sell the share at market price. we can sell the share instantly by using the “Sell at market order” option.it means share price of the stock is currently traded on Rs.100 and we want to place the sell order on current price then market order is placed. Our order will be executed on current price.
6)Stop loss order:
While trading in the share market, the thumb rule is we have to protect our profit and minimize
the loss. By using the above-mentioned order means Stop loss orders we can save or protect our profit and minimize the loss. To put the Stop loss order, we have to buy or sell the share first, after placement and execution of our o, order we can put a stop loss order, to put the stop loss order, click on our executed order and select the stop loss menu then the put the price at which we want to square off our position and minimize our loss.
7)Stop loss trailing order:
Stop loss trailing order means pushing our stop loss on the higher side to take advantage of the price action of the stock and to take the advantage of the sharp movement of the indices.in this order, we simply push our old stop loss trigger price order to the above level.
8)Target order:
Target order means simply putting the buying price or selling price as per our target.if we buy a s hares of Rs.100, so we will place a selling order of Rs 110, whenever the price will cross Rs.110 our order will be triggered.
