Buy Order Definition Info

A two-step order that triggers a limit order once a stop price is hit. 🔄 How the Process Works

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Once a match is found, the trade is "filled" and the asset is added to your portfolio.

You enter the order details into your trading app. A two-step order that triggers a limit order

A is a formal instruction from an investor to a broker or trading platform to purchase a specific security, such as a stock, bond, or cryptocurrency. 🗝️ Core Components Asset Name: The specific ticker symbol (e.g., AAPL, BTC). Quantity: The number of shares or units to be bought. Order Type: The "how" and "when" of the purchase. Price: The maximum amount you are willing to pay. 📊 Common Types of Buy Orders

Executed immediately at the best available current price. For financial advice, consult a professional

Becomes a market order only once a specific "stop price" is reached.