Iceberg Order

Placing order with your broker, is the first step you take, after you create your 'Trading Action Plan', based on your own technical or fundamental research. Before you can start buying and selling stocks, you must know the different types of orders and when each one is appropriate.

Large investors and institutional investors, place their mammoth order in a divided smaller lots. Just like an iceberg, where only the tip is visible, large size of the order is concealed.

This avoids the sudden movement in the market caused by the large order.

Compare this with other type of orders:

• All or None Order
• GTC Order
• GTD Order
• IOC Order
• Limit Order
• Market Order
• Stop Loss Order
• Stop Limit Order
• Minimum Fill Order
• One Cancels Other Order
• Market on Close Order
• Limit on Close Order
• Market on Open Order
• Limit on Open Order
• Market If Touched Order
• Fill or Kill Order

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