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Asked by Reap Last Modified
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Market Order is an order where you don't mention a Buy or Sell price while placing an order, but directly Buy or Sell on the price that is available in the market at that moment.
Limit Order is a kind of order where you mention a particular price on which you want to Buy or Sell a stock
Stop Loss order is a form of order which helps you to restrict your loss to a certain point. For example: You have purchased SBI for Rs.600 and your target is Rs. 630 with a SL or Stop Loss of Rs. 590. If price moves towards your direction of 630 you are making profit but if it moves against you towards Rs. 590 you start making Loss. But since you have already have you SL at Rs.590, your loss would be restricted to Rs. 10
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