Best Stock Broker Tips: What Benefits Do the Leading Online Brokers Offer to Mid-Level Traders?

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Best Stock Broker Tips: What Benefits Do the Leading Online Brokers Offer to Mid-Level Traders?

Before you get started searching for the best stock broker, you should first make sure you understand the two primary types of orders when purchasing stock: market and limit. When a market order is placed, it will be immediately filled at the prevailing market price. For example, if you enter to buy 5 shares of Apple, the trade will be filled by matching it with someone who wants to sell shares of Apple, though not a known price. With a limit order, the trade will only be completed at a particular price. For example, if you want to buy 20 shares of Target at $50 per share, the order will only go through if the broker is able to fill it at a price of $50 per share.

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