What are Stock Market Order Types?

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A stock market investor can instruct a stock broker to execute his buy/sell order in a particular manner, also known as the order type. Stock brokers offer two standard order types including Market Order and Limit Order. Brokers also offer few advance order types including Stoploss Order, Cover Order, Bracket Order, GTC Order and trailing stop-loss order.

A Market Order is an order to buy or sell shares immediately, at the current market price.

A Limit Order is an order type where you can define an exact price at which you are willing to buy or sell shares.

Topic: Stock Market Order Types Defenition

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