Limit orders set the maximum or minimum price you'll pay or receive when buying or selling stock. Market orders work best for stable, frequently traded stocks where minor price variations matter less.

Those are certainly a lot of words to digest, so here's an example of how a stop-limit order works. Consider a scenario where you, as an investor, hold shares in stock XYZ that are currently ...

Most notably, investors can only use limit orders to buy or sell shares. The ECN matches orders based on limit prices. Additionally, after-hours orders are only good for that session. You'll have ...