In this video I’m going to break down different types of orders that you can place on etoro investing platform. We’ll review in detail different types of orders, including market order, limit order, take profit, stop loss and trailing stop loss.
0:00 eToro Order Types
01:57 Buying (Trade) - Market Order
02:10 Buying (Order) - Limit Order
03:28 Selling - Market Order
03:55 Selling Part of a Trade
04:40 Selling (Take Profit & Stop Loss, Trailing Stop Loss)
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eToro lets you trade cryptocurrencies, stocks and ETFs a number of ways whether you want to buy the market price or set it order trade. They’ve got it all.
I would recommend practicing what you learn in this video using etoro’s virtual portfolio. You can change to a virtual portfolio by clicking the drop-down on the sidebar and clicking virtual. This is a great way to learn the mechanics of trading without risking real cash.
Before we start let's cover the amounts / units box which applies to most trade types. This box lets you determine how much money in dollars of this asset that you wish to purchase or sell. Click units to instead choose how many to buy, based on the number of units you want of this asset. Notice that when you change to units the amount is displayed below and when you change to amount the units are displayed below. Switching between amount and units will not change your trade. This box just allows you to setup your trade in the way that's most intuitive for you.
Now that you understand that box, let's get to the types of trades. There's two types of buy.
1. First up is buying trade, which if you traded before, is comparable to a market order.
2. The second buying order is comparable to a limit order.
There's three types of selling.
3. Selling market price
4. Selling part of a trade
5. And selling stop loss and take profit
If you traded before, number five, stop loss and take profit are comparable to limit orders.
![](https://i.ytimg.com/vi/Vn5h0ZMlK-Q/maxresdefault.jpg)