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About types of orders, there are: stop order,

limit order, and market order. Please explain:
a. What are the definitions and differences of those?

User Qinlong
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1 Answer

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Step-by-step explanation:

That the key difference between a limit order and a stop order is that the limit order will only be filled at the specific limit price or better; whereas, once a stop triggers at the specific price, it will be filled at the prevailing price in the market - which means that it could be executed at a price significantly different than the stop price.

User Whizcreed
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