What product types can I use to place orders in FYERS?

What product types can I use to place orders in FYERS?

You can choose from various product types in FYERS depending on whether you're trading intraday or holding positions beyond a day. These options are designed to match different strategies and market approaches.

The product types are mainly divided into Intraday, Positional, and Smart Orders:

1. Intraday: For trades where both buy and sell happen within the same trading day. There are 3 intraday options:
  • Intraday: Standard same-day trading.
  • Cover Order (CO): Intraday orders with a compulsory stop-loss to manage risk.
  • Bracket Order (BO): Intraday orders with predefined target, stop-loss, and trailing stop for automated trade management.
2. Positional: For holding positions beyond a day. You can hold positions using the following options:
  • Overnight: For equity delivery and carry forward positions in F&O and commodities.
  • MTF (Margin Trading Facility): Allows you to buy stocks and ETFs by paying a fraction of the total value, using margin funding to hold positions for longer periods.
3. Smart Orders: Advanced order types designed for flexibility and control in any market condition.
  • Can be used in Intraday (excluding CO/BO), MTF and Overnight positions.
  • Ideal for traders who want precision in execution.
Notes:
  • Choose 'Intraday' for same-day trades.
  • ​CO and BO are available only for intraday trades.
  • Smart Orders are not available with CO or BO.
  • All Intraday, CO, and BO positions will be squared off 15 minutes before market closing.

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