If you want the trade done quickly, which type of trading order might you give to your broker?

Question

Quizplus · Accepted Answer

If you want the trade done quickly, the best choice is to give a market order to your broker. A market order instructs the broker to execute the trade at the best available price in the market. This contrasts with a limit order, which instructs the broker to execute the trade only at a specific price point or better. Stop-loss and stop-buy orders are conditional orders that are executed when the market price hits a specific level, and may not necessarily result in a quick trade execution.

If You Want the Trade Done Quickly, Which Type of Trading