If you are new to investing or if you haven't done much other than make market orders so far, you might be a little confused about the different types of orders you can place on the stock market.
Some investing apps will have some of these while others may not, but there are a lot of options - Limit Orders, Stop Orders, Stop Limit Orders, Trailing Orders and each has Buy and Sell equivalents with Trailing Orders having a version of each of the other types.
In this video I will explain in simple terms what all of these orders are and how they work.
What are Stop Losses? Why would you use any of these in real life and what are the benefits of using these complex types of orders?
I'll cover quite a few different options and just in case the YouTube algorithm wants to know exactly what these are... Limit Buy Orders, Buy Limit Orders, Limit Sell Orders, Sell Limit Orders, Stop Sell Orders, Sell Stop Orders, Stop Buy Orders, Buy Stop Orders, Stop Limit Buy Orders, Stop-Limit Buy Orders, Stop Limit Sell Orders, Stop-Limit Sell Orders, Trailing Stop Orders, etc.
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