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How do I choose the right type of order for my trade?

 

When trading, selecting the right type of order is crucial for executing your trade effectively. Understanding trade order types helps you control how your trades are executed in the market. Common trade orders include market orders, limit orders, and stop orders, each serving different trading needs and trade execution strategies.

 

Market orders execute immediately at the current market price, while limit orders allow you to set a specific price for buying or selling. Stop orders become active once a certain price is reached. Your choice depends on your trading goals and risk tolerance. Bajaj Broking offers a range of trading order types to suit your needs. Familiarising yourself with these options can help optimise your trading experience.

 

Also read: What is a limit order | Bajaj Broking