Trading & Execution
Order types, the order book, margin, settlement, and market structure, getting a trade done well.
Recommended first: Technical Analysis
Tick lessons off as you go, saved in this browser, no account needed.
- 1Market Order
Fill now
Market Order: How Instant Execution Actually Works
- 2Limit Order
Set your price
Limit Order: Control Your Price, Risk the Fill
- 3Stop Order
Trigger levels
Stop Order: Automate Your Exit Before You Need It
- 4Bid-Ask Spread
Cost to trade
Bid-Ask Spread: The Invisible Cost of Every Trade
- 5Order Book
Depth & liquidity
Order Book and Market Depth: Reading Beyond the Quote
- 6Dark Pools
Hidden liquidity
Dark Pools: How Large Trades Hide Before Execution
- 7Short Selling
Betting down
Short Selling: Borrow, Sell, and Buy Back Lower
- 8Margin (Reg T)
Borrowing to trade
Regulation T Margin: The 50% Initial Equity Rule
- 9Settlement
T+1
T+1 Settlement: What Happens After Your Trade Executes
- 10PFOF
Order routing
Payment for Order Flow: Who Profits From Your Trades
- 11Time in Force
Order duration
Time-in-Force: Day, GTC, IOC, and FOK Explained
- 12Circuit Breakers
Halts
Market Circuit Breakers: How a 7% Drop Pauses Trading
- 13Stop-Limit
Bounded stops
Stop-Limit Order: Price Protection With Gap Risk
- 14Trailing Stop
Dynamic exit
Trailing Stop Order: Lock In Gains as the Stock Rises
- 15OCO / Bracket
Linked orders
OCO and Bracket Orders: Automate Both Exits at Once
- 16Short Interest
Days to cover
Short Interest and Days to Cover: Measuring Squeeze Risk
- 17Sec Lending
Borrowing shares
Securities Lending: How Long Holders Earn from Short Sellers
- 18Maker-Taker
Exchange fees
Maker-Taker Fee Model: How Exchanges Pay for Liquidity