Types of
Stock Trading Orders

Having analyzed and decided to enter into a trade, you place your order online in your broker's trading software or offline by dialing or faxing your broker. It may be a limit order or a stop loss order.

Understanding the different types of orders and their implications, and how to place them is essential for successful stock trading career.

The different types of stock trading orders are:

• 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
• Iceberg Order
• Fill or Kill Order

Orders are executed based on a first come first served rule and on their priority rule. Market orders receive highest priority, followed by limit orders. Conditional orders generally get priority based on the time the condition is met. 'Iceberg orders' and 'dark pool orders' (which are not displayed) are given lower priority.

Some brokers may charge different fee for different type of trading order. For example, they may charge more for a limit order than to market order. They may charge more for all or none order or a conditional order.

You may go long, that is first buying to sell later, or you may go short, that is first selling to buy back later. Once you place your order you should follow your trades until it is closed.

Once you let your child, off your hand, where ever you may be, what ever you may be doing and what ever may be your situation, keep an eye on her.

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