Order level

[Guest JMWood]

What is order level?

[Caseynotes]

39 minutes ago, JMWood said:

What is order level?

Hi, the order level is the price at which you want the order activated.

[Greg722]

Hi, A follow up if I may...

If I set order level below current price I understand it will buy when price drops to that level, is this correct?

If I set the level above the current price will it buy straight away? Might seem obvious but what should happen if I create order out of trading hours and the market starts above my order? Would it buy at the new start (as the system would understand my instruction to buy) or would it wait for market to drop then activate?

Thanks Greg

[Guest Buying trade]

Ok so what is size (quantity) order and order level mean