Translate this please

Translate this please:

"Limit, stop, if done & trailing stop orders are always executed at the specified price in all market conditions regardless how volatile! Basically there's no slippage whatsoever."

Those type of orders: Limit, Stop, if done and Trailing stop

Require you to enter in a specified price to execute the order instead of you just clicking buy and sell at the market price


So if the price ever reaches your specified price the order is executed and it is not executed until then, that is why they say "basically theres no slippage whatsoever" because the order is only executed when the price is reached


that is to my understanding...hope that helps

If you place 'Limit Orders', 'Stop Orders', and/or 'Trailing Stops' the broker will guarantee to honor the price they were placed at during all market conditions including news times. Note: They do not include 'Market Orders'. They may also widen the spread so much during extreme market conditions that a limit order fill can really hurt.

A limit also is that price or better. ie. If you enter a long limit for 1.1800 and the price is now 1.1750 it will fill now. You are buying at less of a price. If you don't want to buy till 1.1800 then enter a "stop limit or stop market" order.