Saturday, March 14, 2015

Order Types

General Order Types
A lot of times people confuse themselves with order types.
There are 3 basic types of orders:-
1.Market Order - To buy or sell at market price
2.Limit Buy or Limit Sell - Limit Buy is to place order to buy at a price that is lower than current price. Limit Sell is to place order to sell at a price that is higher than the current price. This type of order is used when you are trading pullbacks.
3.Buy Stop or Sell Stop - Buy Stop is to place an order to buy at a price that is Higher than the current price. Sell stop is to place an order to sell at a price that is lower than the current price.This type of order is used when you are trading Breakouts.

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