When I trade (buying or selling) I place market orders. What are market orders?
Market orders are the most common type of order. It does not specify a price but instead is to be executed at whatever price is available when it reaches the trading floor of the exchanges. A market order will always be executed, but customers cannot be sure of what the execution price will be. Investors are notified about the exact price and other details of a trade through a written notice called a confirmation. A CREST investor will always be asked to confirm a price to the CREST system before concluding his trade. If he has not received a confirmation from his online broker at this point, he may click ‘Confirm later’ and wait until the confirmation has been received.
