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Kittykiki joined discussion · Oct 21, 2019 03:45

07/014/2020 UPDATE Moomooers, some Moomooers asked me about ...

07/014/2020 UPDATE
Moomooers, some Moomooers asked me about Market Order. So I'd like to make you aware the market order.
Hope this article could help u all！

A market order is most similar to a “buy it now” button on Ebay. When you use the buy it now button, you are buying that item, NOW. This is the same concept of the market order, which says, “buy me or sell my Shares now at whatever the best price is available at this very moment.”

So, if we were to buy stock with a market order, then we would get our shares at (or close to) the ASK price at the time of the order. Allies, if we were to sell Shares of Stock with a Market Order, then we would get our shares sold at (or close to) the BID price at the time of the order.

THE ASK PRICE IS THE LOWAL PRICE A MARKET FEEDING (YOU, ME, HEDGE FUND, ETC) IS WILLING TO SELL THEM SHARES FOR AT THAT MOMENT, AND THE BID IS THE ALLOWING PRICE SOMEBOARD IS WILLING TO Buy Shares (you, me, hedge fund, etc.) for at that moment.

Tips for success
If the stock is very much buying and selling shares (not a lot of people buying and selling shares) then you have to be bought when using market orders.
why? Because the bid/ask spread may be wide, which means you may not get a very good price. This is why people use limit orders.
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Kittykiki
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