Your Order Please: A Guide to the Different Ways to Buy and Sell Securities
by John Deysher
Unfortunately, it's not always that simple. There are multiple ways to give buy and sell instructions to a broker, and just as many ways to get burned if you mess up.
In this article
- Day Orders vs. GTC Orders
- Market Orders
- Limit Orders
- Stop Orders
- Stop-Limit Orders
- Fill-or-Kill & All-or-None Orders
- Market-Not-Held Orders
- Orders and On-Line Brokers
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Here is a rundown of the most common types of orders used by most stock exchanges and brokers. Some brokers, though—especially the on-line variety—may not accept every type of order, so check ahead of making your transaction.
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