Stock Trading Question: What's the difference between order types? Market/Limit/Stop/Stop Limit/TrailingStop

Answers:1   |   LastUpdateAt:2012-09-02 08:51:03  

Question
echem
Asked at 2012-07-18 10:09:02
And what's the advantages and disadvantages of each?
Answer1margyAnswered at 2012-09-02 08:51:03
If you place an order to buy a stock at the market price , the broker will buy the stock at any price when you purchase it . MedlinePlus Advantage - he bought . Disadvantages : the price could go up when you buy it . If you use a limit when you buy a stock , the broker will not buy unless it is at or below the limit. Advantage - you buy at the price you want . Disadvantage : the stock could start to go over your limit and keep going up and the purchase will not happen . I do not know the other things . It is better to stay away from things difficult unless you can be good at it .
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