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《投资概念学》(英文版) Placing Orders: Types of Orders

Market orders are to be executed as soon as possible after reaching the exchange floor. Limit orders must specify a price and a time limit, e.g. "Buy 500 at $90, good till canceled." A stop order differs from a limit order in that the order is only executed if the specified price, called the stop price, is touched. Stop orders become market orders when the stop price is reached.
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