#OrderTypes101 Order types in the stock market are essential for investors to understand, as they determine how trades are executed. Here's a breakdown:
*Types of Orders:*
- *Market Order*: Executed immediately at the current market price. Investors buy at the ask price or sell at the bid price, ensuring prompt execution.
- *GTT (Good Till Trigger) Order*: Executed when a specific trigger price is reached, and it carries forward till the contract expiry date.¹ ² ³
*Key Considerations:*
- *Immediate Execution*: Market orders prioritize speed, executing trades at the current market price.
- *Price Control*: Limit orders, on the other hand, allow investors to specify a desired price, but execution isn't guaranteed.
- *Order Expiry*: GTT orders have an expiry date tied to the contract expiry, which is crucial for investors to track.
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