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8 hours ago, dmedin said:

Hello.  I believe order type is just a way of handling how your order gets executed, it does not apply once you have bought your shares.  Once bought you have them until you decide to sell them. 

https://www.ig.com/uk/help-and-support/investments/share-dealing-and-isas/what-types-of-order-do-you-offer-for-share-dealing

exactly that - the order type is only important for how you buy the shares in relation to it's price point. If you're looking to 'buy and hold' as a strategy then you can use use either order type. 

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