• Buys or sells immediately at the current market price.
• Best for: When you want to get in or out quickly.
• Trade-off: You don’t control the exact price.

• You set the exact price you’re willing to buy or sell at.
• Best for: When price matters more than speed.
• Trade-off: Trade only happens if your price is reached.

Only buy if the price drops to R95. If it never reaches R95 → no trade.

• Automatically locks in profit when a target price is reached.
• Best for: Securing gains without watching the market.
• Trade-off: You might miss further upside.

Bought at R100 → set take-profit at R120 Price hits R120 → it sells and locks in profit.

• A stop-loss that moves with the price as it rises.
• Best for: Protecting gains while letting profits run.
• Trade-off: Can trigger if price dips temporarily.

Set trailing stop at 10%, Price rises from R100 → R120 → stop moves up, If price drops 10% from peak → it sells.

• Combines a stop trigger + a limit price
• Best for: More price control than a stop order.
• Trade-off: Might not execute if price moves too fast.

Stop = R90 (trigger), Limit = R88 (minimum selling price). When R90 is hit → it tries to sell, but not below R88.

• You set two linked orders (e.g., stop-loss + take-profit).
• Best for: Managing both risk and reward at the same time.
• Trade-off: Once one executes, the other is cancelled.

Take-profit at R120. Stop-loss at R90.If one triggers → the other disappears automatically.

• What they do: Use rules or strategies to place trades automatically over time.
• Best for: Large trades or more advanced strategies.
• Trade-off: More complex to set up.

Examples of what they can do:

• Split a large order into smaller trade
• Execute trades at specific times or interval
• Follow momentum or pricing pattern