Limit buy order
Order to buy at a specified price or lower.
Plain-English definitions for trading, broker safety, market structure, and risk terms.
Limit buy order
Order to buy at a specified price or lower.
Stop buy order
Order to buy after price reaches a specified level above the current market.
Stop-limit buy
Order that triggers a buy limit after a stop price is reached.
Closed trade
Position that has been exited, making profit or loss realized.
Contract quantity
Standardized quantity represented by one lot or contract.
Valid for day
Order that remains active only for the current trading day.
Order execution
Completion of a buy or sell order in the market.
Order speed
Time required for an order to be processed and filled.
Order fill
Completed execution of all or part of an order.
Order that remains active until filled, cancelled or expired by rules.