What are the different types of Orders
Below are the different types of orders available for your trading needs:
Limit Order:
An order placed at a specific price. It ensures that the trade is executed only at the set price or better.Market Order:
An order placed at the current market price to ensure execution at any prevailing price in the market.Stop Loss Market Order:
An order designed to be triggered at a specific price level and then executed at the market price. For example, a sell order with a trigger at 100 will be activated when the instrument's price reaches 100 and will be executed at the best available price, whether it’s 101, 98, or another market price.Stop Loss Limit Order:
Similar to a Stop Loss Market Order but with a limit. The order is triggered at a specific price and executed only at or above a set limit price. For example, a sell order with a trigger at 100 and a limit at 99 will be activated when the price reaches 100 but will only execute if the price is 99 or higher. If the market drops to 98, the order will not be executed.IOC (Immediate or Cancel):
This order is either executed immediately, if there are enough buyers or sellers at the specified price, or it is canceled. For example, if you place an IOC order for 1000 shares at 100 and there are only 800 buyers at 100, the order will execute for 800 shares and the remaining 200 will be canceled.AMO (After Market Orders):
Orders placed outside regular trading hours. AMOs can be placed on both Rocket Plus and Navia platforms. Read here for AMO timing.
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