And what's the advantages and disadvantages of each?
2006-09-13 10:30:25 · 4 answers · asked by ryanrtu 2 in Business & Finance ➔ Investing
Look at the wikipedia link http://en.wikipedia.org/wiki/Market_order
It talks about most of the typical order types
or
Review one of the stock trading tutorials. If you trade online you should be able to find one at your brokers site.
Many brokers do not support at the possible types of orders so if best to focus on the one's you broker allows.
See below
2006-09-13 10:37:04 · answer #1 · answered by icprofit6000 7 · 1⤊ 0⤋
If you make an order to buy a stock at the market price, The broker will buy the stock at whatever the price is when he buys it.
Advantage- it will be bought. Disadvantage-the price could go up when you buy it. If you use a limit when you buy a stock, the broker won't buy it unless it is at or below the limit. Advantage- you buy it at the price you want. Disadvantage- the stock might start going above your limit and keep going up and the buy won't go through. I don't know the other stuff. It's better to stay away from the other tricky stuff unless you can get good at it.
2006-09-13 11:30:15 · answer #2 · answered by bobcwebb 2 · 0⤊ 0⤋
read tips on investing, sales, and stocks to help you more on this site
2006-09-13 10:43:42 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Check out "investopedia.com" and "investorwords.com"
2006-09-13 19:48:36 · answer #4 · answered by Gemelli2 5 · 0⤊ 0⤋