by Carl and Michael
When you trade stocks, you can use one of the 5 following types of orders:
1. Market Orders. Use a market order when you want to get in or out of the market, no matter what. It lets you get in or out at the best market price, using the nearest bid or ask (buy price or sell price) at that moment. Do not use a market order in a thinly traded market, especially one that isn’t trading actively, since there may be no one to match your order with, and this leaves you open to dangerous consequences.
One thing to keep in mind with a market order is the fact that you don’t control how much you pay for your stock purchase or sale; the market does. This shortcoming can be met with a limit order.
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
Tags: Commodities
Posted in Commodities
Commodity trading online has become much more of a potentially profitable business endeavor with free real time commodity quotes and live charting services now offered by a number of Internet based commodity futures brokers.
Internet technology has made the type of quality commodity trading services previously reserved for the well financed professional trader available to even small traders who have limited amounts of risk capital available for trading. However, whenever you trade commodities the risk of sudden adverse price movements are still present, so even with great trading software, charts, and other facilities a trader should always protect his capital by being alert to changing market conditions and by using stop loss orders.
Tags: Commodities, commodity trading
Posted in Commodities, Uncategorized
