Buy Order
What is the best way to buy stock to market or limit order?
I plan to buy stock online, but we want to know which way is best? market order or limit order? What are the differences? Thank you!
I can use command Limit the Scottrade almost exclusively. At least Scottrade, are the same price as market orders, $ 7. The only time I use a market order is when the share price is down too quickly. For example, if I bought a stock and fell and had to sell quickly, a limit order can never execute. What I usually do is to buy a stock to check the price level has been recently, and place an order to Limit to about 5% below the lowest price. What I usually do to sell a stock is to check the price level has been recently time, and place a limit order at approximately 5% above the highest price.
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