With the first, you get a quoted price and ,on accepting,deal.
With "At best" , the trade is made from the best price of a number of quotes at the time.
Trading by these ways your price will be subject to sudden fluctuations in a fluid market.
With a "Limit Order ", you set a fixed maximum when buying or a fixed minimum when selling. The downside is then that you pay more or receive less in the fluid session.
Imagine small wavelets lapping on the beach, subject to the tide as to how far up the beach.
Hence the adage, "There is a time and tide in the affairs of Man."
I'm pretty sure most places do not allow you to buy in decimals, but I could be wrong. Perhaps some penny stock brokerages may allow it?
On a side note, you should probably be staying away from stocks like those, unless you're solely betting on them.
Possibly neither. What you're seeing is the last trade price. If you want to buy it at an exact price (or better), place a limit order.
In your example, .0876 is the last trade.
When there is a minimum of say 500 before your purchase is accepted, the amount of decimal places is negligible. 500 is just a conservative figure; some may even have a minimum acquisition of 1000.
So there is a stock I want to by that is listed at .09 , but when I click to look at the stock in more depth it says the stock price is .0876
So does that mean I have to buy the stock at .09? Or is it possible to purchase it at .0876?
