Definition
An intraday order with a compulsory stop loss, offering higher leverage.
Understanding Cover Order
Cover Order is an important concept in stock market trading. Understanding this term will help you make better trading decisions and communicate effectively with other traders and financial professionals.
Key Points
- Basic Definition: An intraday order with a compulsory stop loss, offering higher leverage.
- Category: This term is commonly used in Trading Basics
- Relevance: Essential knowledge for traders operating in Indian stock markets
Practical Example
When trading on NSE or BSE, you'll encounter cover order regularly. For example, understanding this concept helps you analyze market conditions, make informed decisions, and manage your trading positions effectively.
Related Concepts
To fully understand cover order, you should also be familiar with related trading concepts. Check out the related terms in the sidebar for a comprehensive understanding of this topic.