To help traders who cannot spend long hours in front of the screen when the market is live, most stockbrokers now offer many different types of trade orders. Some of the most common types of trades are Normal, Stoploss (SL), Margin Intraday Square up (MIS), Bracket Order (BO), Limit Order, and Cover Order (CO).
Understand how different types of orders work in order to be a knowledgeable trader. If you are looking for how to invest in stocks for beginners with little money, it is better to stick to normal and stop-loss orders. Normal orders can only be placed if you have the required capital for the purchase available in your trading account.