Orders is the instructions given by the user(Trader) to his Broker (or Broking Plateform), in short it shows whether Buyer is interested in Buying or Selling the security. I have tried to list common orders in stock market
List of Common orders in Stock Market
Market Order # If Trader is interested in buying a security at a runing price,he will choose Market Order,Liquidity in stocks also affects this type of Order.
Limit Order # This type of order allows Traders to trade at his decided price but under this category there is no gurantee whether this order will be executed all depends upon market situtions.
Stop order or Stop-Loss Order # This type of order mainly used by Active Trader or intraday Trader who is not in position to track stock throughout the Day & not interested in taking a risk beyond a Limit , this order activate only when stock reaches a given price otherwise it remains dormant.
Cover Order # This type of order is a combination of Market Order & Stop Loss Order, another feature of this type of order is Leverage(One can buy much bigger qty with much lower amount).
Margin intraday square off (MIS) # Under this category Trader give clear instruction to the Broker that he is not interested in carry forward the Trade for Next day and the Trade will squared off between 3.15 & 3.30
Bracket Order # This is one of the most common or popular type of order among intraday Trader, it allows Traders to set a Target or SL as per his risl appeatite & approach towards that particulat Trade, last but not least it gives maximum Leverage to the Traders
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