An order is an instruction given to a broker or trading platform to buy or sell an asset at a specific price or condition.

Pending orders can expire if an expiry time is set. If no expiry is set, they remain activeBroker or platform rules may also cancel pending orders automatically in certain situations

Orders Explained

Q: What is a limit order, and when should I use it?

A limit order is an order to buy or sell an asset at a specified price or better. It is used to enter or exit a market at a desired price.

Q: What is a market order, and how does it differ from a limit order?

A market order is an instruction to buy or sell an asset immediately at the current market price. Unlike a limit order, which waits for a specific price, a market order is executed instantly at the best available price.

Q: What is the difference between a stop-loss and take-profit order?

A stop-loss order automatically closes a position to limit losses if the market moves against you, while a take-profit order automatically closes a position to lock in profits when the market moves in your favor.

Q: What are associated vs unassociated orders?

Associated orders are pending stop or limit orders linked to an existing open position, typically intended to close it. These orders are automatically canceled if the related position is closed before being triggered. Otherwise, they remain active until the specified price level is reached.