Charts and Orders

What are Charts?

Charts are visual tools that show how the prices of financial assets—such as stocks, commodities, currencies, or indices—move over time. They help traders see market behavior in a clear, structured way.

In simple terms, a chart is like the market’s heartbeat. It shows whether prices are rising, falling, or staying flat, and helps traders make informed buy or sell decisions.

Why Traders Use Charts?

• To identify trends (uptrend, downtrend, sideways).
• To recognize patterns (e.g., head and shoulders, double top/bottom).
• To apply technical indicators (moving averages, RSI, MACD).
• To plan entry and exit points effectively.

In short: charts turn raw price data into visuals, making it easier to understand market trends and anticipate future movements.

Chart Types and Timeframes:

The platform supports various chart types (Candlestick, Line, OHLC, Renko, Heikin-Ashi) and timeframes ranging from 1 minute to 5 years, allowing for trend analysis across different durations.

What is an Order?

In trading, an order is an instruction you give to your broker or trading platform to buy or sell a financial instrument—such as stocks, commodities, currencies, or bonds.

A good way to understand this is by comparing it to placing an order in a restaurant. Just as you tell the waiter what dish you want, how much of it, and any specific preferences, in the stock market you specify which security you want to trade, the quantity, and the price or condition at which the trade should be executed.

Key Elements of an Order

• Action – Buy or Sell
• Quantity – Number of shares or units
• Price/Condition – The price level or rule under which the trade should occur

Examples

• “Buy 50 shares of TCS at ₹3,500”
• “Sell 100 shares of Infosys if the price falls below ₹1,550”

In short, an order is the formal way of communicating your trading decision to the market through your broker or platform.

What is Market Protection?

Market protection tools help limit losses and slippage, especially in volatile markets. These include stop-loss, limit orders, and controlled execution rules.

How to Enable Market Protection on Firstock

Set preferences in your order settings, using features like price protection range and max slippage to control trade execution.

Importance in Options & Volatile Markets

In fast-moving markets, prices can shift quickly. Market protection ensures orders execute near expected prices, preventing unfavorable outcomes.