The stock trading takes place on the trading terminal provided by the broker to the client.The orders are placed in systemic manner in each counter by the exchange. Best bid price is placed at the top and subsequent orders are placed in the descending order along with the quantity. On ask side least price gets first priority and is displayed first and the next prices are placed in ascending order along with the quantity. When the prices of buyer and seller match, actual trading takes place.
You can trade either for intraday or for positional trading
You can place either market order or limit order, while placing order. Market order will be executed immediately, but at the best price available on the opposite side. Limit order will be executed only when opposite order is matching your order. You can also place stop order to protect your losses. You can place IOC or day order , while placing the order.
You should have a perfect trade plan, while trading as per your style of comfort. You should know the risk and rewards involved in trading before hand. this gives you peace of mind and eliminates a lot of anxiety while trading

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