---
title: "Types of stock market orders: complete guide"
description: "You can use market, limit, and stop-loss orders on Arrow to execute your trades."
category: arrow
subcategory: general
slug: types-of-stock-market-orders-complete-guide
canonical: https://support.arrow.trade/arrow/general/types-of-stock-market-orders-complete-guide/
---

# Types of stock market orders: complete guide

> You can use market, limit, and stop-loss orders on Arrow to execute your trades.

## Short answer

You can use market, limit, and stop-loss orders on Arrow to execute your trades.

Market: A market order is an instruction to buy or sell shares at the current best available price.

Limit: A limit order is an instruction to buy or sell shares at a specified price. The broker is instructed not to go higher or lower than the specified price.

Stoploss: A stop-loss order is an order placed to limit losses when there is a concern that prices may move against the trade. you can choose between two types: SL order (Stoploss Limit) and SL-M order (Stoploss Market).

In addition to the above order types, you can also use Good Till Triggered (GTT) and After Market Order (AMO).

## Which order has the best possibility of execution?

Market orders have a higher chance of being filled. When you place an order during market hours, it gets executed on a first-come-first-serve basis. You can place orders in the pre-market sessions or place AMO to be ahead of the queue. Despite placing an AMO or pre-market order, your order is not guaranteed to be executed. This is the same across all brokers.

Placing a market order carries the risk of potential losses due to a freak trade, while a limit order provides the advantage of price execution at a specified level, thus avoiding a freak trade but without assurance of order fill. However, you can combine the benefits of both order types, allowing for the price protection offered by a limit order (eliminating the risk of a freak trade) while still enjoying the order fill typically associated with a market order by using a limit order like a market order or by using Stop-Loss limit (SL) order like a Stop-Loss Market (SL-M) order.

## Related

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---

Source: https://support.arrow.trade/arrow/general/types-of-stock-market-orders-complete-guide/
Publisher: Arrow / iRage Broking Services LLP