There are several types of orders that you can use to buy or sell securities, such as stocks, bonds, and mutual funds. Here are some common types of orders:
Market order: A market order is an order to buy or sell a security at the current market price. Market orders are typically executed quickly, but the final price of the trade may be different from the price at which the order was placed due to market fluctuations.
Limit order: A limit order is an order to buy or sell a security at a specified price or better. A limit order allows you to set a maximum or minimum price at which you are willing to buy or sell a security.
Stop order: A stop order, also known as a stop-loss order, is an order to buy or sell a security when it reaches a certain price. A stop order can be used to limit losses or protect profits.
Stop-limit order: A stop-limit order is a combination of a stop order and a limit order. It is an order to buy or sell a security when it reaches a specified price, but only at a specific price or better.
Market-on-close order: A market-on-close order is an order to buy or sell a security at the market price at the close of the trading day.
Good-till-cancelled (GTC) order: A GTC order is an order that remains in effect until it is either executed or cancelled.
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