Cover Order vs Bracket Order

What is a Cover Order?

Cover Order Meaning? Cover order is a 2 legged order type where putting a stop loss along with the initial order is compulsory. Thus, the loss in the trade is already covered and hence the name. In Cover Order, the trader has to put 2 orders at a time: Position Initiation Order - This or...

What is a Bracket Order in Trading?

What does a Bracket Order mean? A Bracket Order in simple terms is a 3-in-1 order i.e. Target Order + Initial Order + Stop Loss Order in 1 ORDER. Bracket Order has 3 types of order embedded into 1 single order entry window. It is one of the most advanced types of order which involves auto cancel...