Definition of Order
An instruction to your broker to execute a trade. Orders can be market orders (executed immediately) or pending orders (executed when price reaches a specified level).
At a glance
Term
Order
URL slug
order
Category
Orders & execution
Short answer
An instruction to your broker to execute a trade.
Deep dives
Full A–Z glossary
Example
Example: a buy limit below market does not guarantee a fill if price never prints at your limit. Choose “Order” based on price priority versus fill priority.
Common mistake
Common mistake: using “Order” as loose slang while your broker/platform specification defines it more narrowly.
Professional tip
Tip: bookmark this “Order” page and reopen it when reading broker specs so definitions stay consistent.
Practice tools:
Related terms
FAQ
An instruction to your broker to execute a trade.
Order type and fill behaviour around “Order” decide whether entries and stops execute near the price you planned.
Common mistake: using “Order” as loose slang while your broker/platform specification defines it more narrowly.