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Old 03-10-2017, 09:45 AM   #798
ChiliConCarnage ChiliConCarnage is online now
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Join Date: Apr 2008
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Quote:
Originally Posted by kepp View Post
Here's a beginner's question...when I am creating a buy order for a stock I'm seeing "bid" and "ask" prices and then a place where I can specify a price, but it is pre-filled with the "ask" price. What is bid vs. ask?
You're entering a market order.

Read this
http://www.investopedia.com/terms/b/bid-askspread.asp
Then this about limit orders
http://www.investopedia.com/ask/answ...-far-apart.asp

That site has good info for a beginner. You can also paper trade in their simulator
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