Order type-
Market order
Limit
Stop
Stop Limit
Timing-
Good until canceled
Fill or kill
Immediate or cancel
Thank you!
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A day order must be executed during the same trading day that the order is placed, while a fill or kill order must be completed immediately and completely or not at all.
Definition of Market Timing
http://www.investing.com/brokers/options...
Limit Order
http://www.investopedia.com/terms/l/limi...
Market order is the order to buy or sell a set of shares in a listed company.
Limit is a price you set to sell a bought stock for profit or to enter the market when the stock reaches a certain price
Stop is a price you set to sell the stock
Stop limit/trailing stop is a tracking function to prevent suffering from market fluctuation, if buy a stock at ￡1 but you set a trailing stop of ￡0.10 , then stock goes up to goes up to ￡1.10 if the stock then goes back to ￡1, the stock will be sold.
Good until cancelled, sometimes called GTC, is usually an order which becomes prevalent in a low traded stock... For example I could be buying a stock that nobody else is selling or I could be selling a stock which nobody is buying. Trades like these could be open for weeks or even longer! Usually the trade will time out if the transaction cannot be processed on that market day.
Fill or kill means, if you want fill and to buy 1000 shares, but only 500 shares are available on the market to you, then the transaction will be killed at end of market day because your 1000 allocation cannot be filled at once.
Immediate or cancel is a way of checking a market for fluidity, if the computer cannot allocate a transaction to you immediately then the transaction will be cancelled.
Please tell me what these things mean-
Order type-
Market order
Limit
Stop
Stop Limit
Timing-
Good until canceled
Fill or kill
Immediate or cancel
Thank you!
