After market order (AMO) in Zerodha: How to Place it & Benefits

In today's fast-paced world, many working professionals find it challenging to actively participate in the stock market due to their busy schedules. With limited time available, keeping track of market movements throughout the day is a very hard thing to do. However, there's a solution that allows individuals to still engage in trading even after regular market hours - After Market Orders (AMO).

 So, we will focus on few important points regarding AMO:

1.  What exactly is an AMO?

2.  What are the benefits?

3.  How to place AMO order in Zerodha with a live video link.

4.  Timings and factors to keep in mind before placing an AMO order.

Understanding After Market Orders (AMO)

An After Market Order, often referred as AMO, is a type of order that allows traders to place buy or sell orders for stocks after the regular trading hours. This means that even if you're tied up with work during the day and unable to actively monitor the market, you can still execute trades once you're free, typically after market close. Apart from this, AMO offers several benefits.

Don’t get troubled, a video link of this whole process is attached below where you can easily learn from a live demo session.

Benefits of After Market Orders

For busy professionals, AMOs offer several advantages:

1. Convenience: AMOs provide the flexibility to place trades outside of regular trading hours, allowing individuals to participate in the market at their convenience.

2. Time-Saving: Since AMOs can be placed after market hours, traders don't need to constantly monitor the market throughout the day, saving valuable time.

3. Opportunity: By enabling trading after hours, AMOs allow individuals to capitalize on market movements and news that may occur when they're unavailable during the day.

Now comes the most important part. How can we place AMO orders?

How to Place After Market Orders

Placing an AMO is relatively straightforward, and it can be done through most online trading platforms like Zerodha. Here's a step-by-step guide:

1. Access Your Trading Platform: Log in to your trading account on the platform of your choice, such as Zerodha.

2. Select After Market Order: Navigate to the order placement section and choose the option for After Market Order (AMO).

3. Enter Order Details: Enter the details of your trade, including the stock symbol, quantity, and whether it's a buy or sell order.

4. Set Price: Specify the price at which you're willing to buy or sell the stock. Keep in mind that the execution of AMOs is subject to market conditions and may not always occur at the desired price.

5. Review and Confirm: Double-check all the details of your order and confirm it to submit.

Now there are few factors which you have to keep in mind before placing an AMO order.

Timing and Considerations:

It's essential to be aware of the timing restrictions associated with AMOs. While you can place these orders after the regular trading hours, there's typically a specific window during which they can be submitted. This window may vary depending on the trading platform and exchange regulations, so it's crucial to familiarize yourself with the specific timings provided by your broker. As earlier said, it varies from broker to broker. Here, all the facilities regarding AMO are covered in Zerodha.

However there are some exchange timings for AMO:

Conclusion

After Market Orders (AMOs) offer a convenient and accessible way for professionals to participate in the stock market without being tied to their screens all day. By allowing trades to be executed outside of regular trading hours, AMOs empower individuals to take advantage of investment opportunities at their own pace. Whether you're a seasoned trader or just starting, incorporating AMOs into your trading strategy can help you navigate the market more effectively, even with a hectic schedule.