Level 3 of 6

Order Filler: Placing a Trade

Pass the quiz to become a Floor Trader.

13 lessons. All ready to read.

1. 1Bid, ask, and spreadVerified

   Who's on the other side and why there are two prices

2. 2Market ordersVerified

   Fast fills, no price guarantee

3. 3Limit ordersVerified

   Price control, no fill guarantee

4. 4Stop ordersVerified

   Stop market vs. stop limit, and when each triggers

5. 5The order bookVerified

   DOM, resting orders, and how fills happen

6. 6Fills and slippageVerified

   Partial fills and why you don't always get your price

7. 7Brackets and OCOVerified

   Attaching a stop and target to every entry

8. 8Moving and trailing stopsVerified

   Adjusting risk once a trade is working

9. 9Order durationVerified

   Day orders vs. good-till-canceled

10. 10Brokers and platformsVerified

    What a futures broker does; platform vs. data feed

11. 11Commissions and feesVerified

    Exchange fees, per side vs. round turn, why they add up

12. 12Order demo on simVerified

    A fixed one-contract MNQ walkthrough to practice the order mechanics only; real sizing comes in Local

13. 13Common order mistakesVerified

    Wrong month, wrong size, doubled positions, flattening fast