Twelve types of trades are available when you begin online stock trading. They include the market trade, limit trade, stop loss, day orders, good-till-canceled trades, trailing stops, and bracket trades. Walk through this step-by-step guide to stock trading and find a definition and example for each of these terms. Market orders: This is the most common type of order. You tell your broker to sell your shares at the best price or to buy shares at the current price. You tell your broker to sell your shares at the best price or to buy shares at the current price. Choose the stocks Follow the market trend for few days and then select stocks you want to purchase. Once you prepare your portfolio of stocks, try virtual trading for practicing or you can start with small investment, for example 1, 10, or 20 shares. To buy the stock, place your bid through your share trading account.