Quote:
Originally Posted by kepp
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