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Glossary
Order
Definition
A set of instructions to buy or sell a specified instrument. Limit orders and stop orders are the main types of trade orders.
What is an order?
In financial markets, an order is an instruction to buy or sell a security. Common types include market orders, limit orders, and stop orders. Each type specifies different conditions for how and when the trade should be executed.
Why are orders important to consider when trading?
Orders are fundamental in trading as they determine the execution of trade strategies. Different types of orders allow traders to control how they enter and exit the market, manage risk, and capitalise on market opportunities. Understanding how to use various order types effectively is crucial for executing trades at desired prices and for managing effective trading strategies.