To begin an online stock trade, a market order must be placed to buy or sell a stock at the current market price. It must be current, which is the best Bid or Ask price that the seller or buyer will fill your online stock trading order at. In addition, your market order must be placed immediately, which can mean anytime for the next 7 minutes or so. Online trading works best if it is done before or just at market open. It is possible to buy stocks after the market open but this depends on the issue and the spread. For informational purposes, the spread is the difference between the Bid and Ask price. All online stock trading is different and it depends primarily on the execution system you use. The broker you select also plays an important role when trading stock online. Your ultimate goal is to trade in the best possible manner and to make a profit by your actions.
Online trading also involves limit orders which are decidedly different than market orders. This is when you place a stock trade at a specified price. It means that you go ahead and place your order and it will be executed if the market reaches or betters the price. It is a way to avoid unexpected price changes. It is recommended to be used for stocks with larger spreads (0.03 or so) and also with extra volatile stocks.
Online trading also involves limit orders which are decidedly different than market orders. This is when you place a stock trade at a specified price. It means that you go ahead and place your order and it will be executed if the market reaches or betters the price. It is a way to avoid unexpected price changes. It is recommended to be used for stocks with larger spreads (0.03 or so) and also with extra volatile stocks.
Trading stocks online is a very convenient way to do business. There are many companies that have websites dedicated exclusively to providing efficient and easy to use online trading tools. Using these websites gives you an excellent opportunity to quickly learn about stock trading and also how to spot potential opportunities in the market. Most work with multiple market centers to give you the best trading options. Execution of trades of stocks, options and mutual funds can take as little as five seconds and most are provided commission free. You will see profitability if you use online stock trade wisely and select an online trading company that provides you with the tools and support that you need to be successful.
StockTrader.com provides weekly stock market recaps, 100s of educational articles, and a Trade Journal tool. Our mission is to empower the independent investor.
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