Types of orders

Market orders
· filled immediately at the best available price

Limit orders
· set a limit on price for transaction, i.e. below market price for buy order, above market price for sell order

Stop orders
· triggered if stop price is reached, i.e. below market price for sell order, above market price for buy order

Stop loss(sell)
· place below current price, protect gain for future price reversal;

Stop buy
· place above current price, protect a short sale position from a rising market.