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Anybody having knowledge about Stock market & Futures... let me know the definitions & examples of the following order types: -

1. Market
2. Limit
3. Stop
4. Stop Limit
5. Market if touched
6. Market on open
7. Market on close
8. Trailing stop Loss
9. Trailing stop limit
10. Iceberg

Appreciate the help!

Lakshmi

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Market
The place where buyers and sellers meet to exchange goods and services. It also represents the actual or potential demand for a product or service.

Limit Order
An order to buy or sell stock at a specified price. The order can be executed only at the specified price or better. A limit order sets the maximum price the client is willing to pay as a buyer, and the minimum price they are willing to accept as a seller.

Iceberg
A large single order that has been divided into smaller lots, usually by the use of an automated program, for the purpose of hiding the actual order quantity.
Thanks for the reply!

by the way do you have any info about the other order types?

Lakshmi
Thanks Lakshmi for gud questions & for Himanshu for answers.. Plz can anybody answer for the rest ..

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