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?
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If/when you buy, make sure to put in a limit order, not a market order. Especially on lower-priced stocks. It's just as easy, and it keeps you from getting screwed by market makers.