What does Limit Order mean ?

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• What does Market Order mean?

  Consequently, a ‘MARKET’ is an order to buy or sell a security instantly. This type of order guarantees that the order will be executed but does not guarantee the price it will get executed at. Usually, a market order will get executed near the ...

• What do you mean by simultaneous order?

  A simultaneous order can be used to place a buy/sell order for same/different scrips. This allows a user to place two different orders using a single instruction. Only two scrips can be simultaneously placed using this order.

• What do you mean by Spread Order?

  A spread order is a trading strategy which involves going long (buying) in one contract whilst shorting (selling) another contract of the same or different underlying. Spread orders are normally executed in the Futures segment and look at ...

• How does VTD order feature work?

  When you place a VTD order, you give an order instruction to IIFL stating that if the order is not executed for the entire quantity, IIFL is authorised to place fresh orders for the unexecuted quantity in your account on the subsequent trading days ...

• How to place a Stop Loss order?

  A stop-loss order is usually placed to minimize losses on a position. It allows you to place an order only when the market price of the stock reaches or crosses a specified price point also known as the ‘SL Trigger Price’. There are 2 types of ...