Related Articles
What type of orders can be placed?
Whole shares trading is allowed when the order type is Market/Limit/Stop Orders. Fractional shares trading is allowed when the order type is Market/Stop Orders.
What is a limit order?
A limit order is an order to buy or sell a stock at a specific price or better. Therefore, a buy limit order can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher. While limit ...
How is a market if touched order different from a Limit order?
A limit order guarantees that an order is filled at a specified price level. However, there is no guarantee that it would get executed. Additionally, a limit order only allows for the whole quantity of shares to be bought or sold.A Market if Touched ...
When can you use a limit order?
The best way to use the limit order facility is when you've decided that you will buy a stock only if it's price touches or goes below the price you want. Conversely, it might be a good idea to use limit order while selling a stock if you expect a ...
What is Market if Touched order?
A market if touched (MIT) order is an instruction to buy or sell a stock when a specified price, the order was placed at, is touched, even if it does so very briefly. When the price hits the level specified in the market if touched order, it turns ...