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Stock Order Types, Explained: Market, Limit, and Stop Orders

Wall Street Mechanics — The Insider Curriculum • Beginner Investing • 6 min

The same basic decision — buying or selling a stock — can actually be placed several genuinely different ways, and picking the right order type is a real, practical skill, not just a technical formality. A market order prioritizes speed above all else: it executes immediately at the best currently available price, with no price guarantee. For a large, heavily-traded stock with a tight bid-ask spread, this is usually…

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