Have you ever missed out on the best time to buy or sell stocks because you can't always keep an eye on the market? Do you want to limit your trading risks in advance without compromising your possible returns? Luckily, Tiger Brokers offer the trailing stop loss order function which can help protect the profit you have already made. It will automatically help you to buy or sell at the best price within the execution price range you set in advance.
In addition to a trailing stop order, there are four other types of commonly used orders that are used when investing. This episode will take you through the five types of stock orders in detail and how to track your order status. You'll learn about:
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Limit orders
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Market orders
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Stop-loss orders
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Stop-limit orders
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Trailing stop orders
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Order status
After watching this video, you should have a better understanding of the five common types of orders, and be able to choose the most suitable method according to your trading needs and specific trading scenarios.
Check out our fifth episode here or click on the video below to start the episode.
We recommend that in order to follow along, episodes are watched in numerical order to maximise learning and to better understand the content.
Happy learning!
Disclaimer: Capital at risk. See FSG, risk disclosures and fractional shares disclosure, PDS, TMD and T&Cs via our website before trading. Tiger Brokers (AU) Pty Limited AFSL 300767
