if you want to be able to control the price of your order you should place a limit order not a market order (simple yes, but could mean the difference between making, and losing money).
If before your order is filled the market price quickly surpasses your limit, your limit order may not be executed, but you can protect yourself from buying at too high a price by using a limit order. No one ever lost money on a trade they didn’t do.
Choke Points
You may think that technological choke points can prevent or slow your orders from reaching an online firm, but problems can occur when your computer, modem or Internet Service Provider is faulty or slow, when a broker-dealer’s Internet Service Provider is delayed or slow or it has inadequate hardware, or when Internet traffic is heavy and is slowing down overall usage.
The problem is that the flow of information in regards to your trades, can be caused by a limitation or capacity problem at any of these choke points.
Options for Placing a Trade
You may have alternatives for placing trades such as faxing your order, touch-tone telephone trades, or talking to a broker over the phone, so you should whether using these options may increase your costs.
This information should help you improve your activity and make you check all the alternatives before you place your order. Be very careful, you can win a lot but also loose!
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