Trading, Accounts & Prohibited ActsQuestion 183 of 398
An investor wants his order executed immediately and is not concerned about getting a specific price. Which order type should he use?
a.A market order
b.A limit order
c.A stop order
d.An all-or-none order
Explanation
A market order is executed promptly at the best available price, prioritizing speed and certainty of execution over price. A limit order prioritizes price and may not execute at all if the limit is not met.
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