Orders can be of several types. A market order instructs the specialist to make the trade immediately at the market price, and if necessary to complete the order by trading against you for his own account. A limit order instructs the specialist to trade at a specified price or better. A stop loss becomes a market order when the market price of a security reaches a specified value.
Related Fool Articles
- [link link title]
Recent Mentions on Fool.com
- Copper Prices Could Fall Further This Year
- Kroger's Strategy Makes It a Rewarding Pick
- Dow Eases Thursday, Finishes Week Up 2.4%; Disney, Boeing Rise Under the Radar
- What Are Yum! and McDonald's Biggest Risks and Chipotle's Best Asset?
- Why Investors Should Worry About the Chink in Tesla Motors Inc.'s Armor
- Breaking Down Arcam AB's Q1 Earnings -- FastEBM and New Orders