Stock Market Orders You Should Know
The world of buying and selling stocks has its own language, which may sound confusing, but fortunately long-term investors need only master a few of the basic orders. You will communicate your orders to your broker by whatever method is appropriate, whether in person, over the phone, or online. The orders are industry standard and there shouldn’t be much variation among different brokers. It is important that you know what happens when each type of order is executed so there will be no unpleasant surprises.
The basic orders are to buy or sell, however it is a bit more complicated than that. You need to specify what type of buy or sell order you want. Here are the stock market orders you need to know.