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AcademyTrade publishes education, not brokerage services and not investment advice. Trading can lose the money you deposit. Study the material before you put money in a market.

Order types

A market order, a limit order, and a stop are three different instructions.

A market order says: trade now, at the best price currently offered. You pay the ask to buy, or sell at the bid. The spread is part of the cost.

A limit order says: trade only at this price or better. It can wait, and it might never fill.

A stop order is usually the exit you wrote in advance, at the place where the idea is wrong. In a fast market the fill can be worse than the price you chose.

Write the instruction before you need it. The free class is a place to walk through one example out loud.

Order types · AcademyTrade