Buy Order Definition May 2026

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A two-step order that triggers a limit order once a stop price is hit. 🔄 How the Process Works buy order definition

You enter the order details into your trading app. AI responses may include mistakes

Sets a maximum price; the trade only happens if the price hits that target or lower. buy order definition

The broker checks if you have enough funds to cover the cost.

Once a match is found, the trade is "filled" and the asset is added to your portfolio.