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A day order is an instruction a trader gives to a broker to buy or sell a security. It is a type of order that is only valid within one trading day. If the order is not filled by the end of the trading day, it is automatically cancelled. A day order can be used in various types of securities trading, such as stocks, bonds, options, and futures.
Day orders can be beneficial for traders who want to execute a trade at a specific price during a particular trading day but do not want to keep the order open and active if it is not filled by the end of the day. This can make it an effective tool to prevent unwanted exposure in the market.
Day orders are only valid for the current trading day. This means it will expire if the order fails to be filled before the market closes. The trader will then need to place a new order on the following trading day if they wish to trade the market. This can result in missed opportunities. It can also result in additional trading costs, as the trader may need to place multiple orders to execute one trade.
A trader wants to buy 50 shares of a stock at a maximum price of $100 per share. They place a day order with their broker to buy the stock at a limit price of $100 per share. If during the day, the market price of the stock reaches $100, the day order will be filled, and the trader will purchase the shares at the price. If the market price does not reach $100, the day order expires at the end of the trading day. The trader must place another order if they wish to make the same trade the following day.
ADSS offers a range of global markets for traders, with opportunities in indices, commodities, forex, equities and more. We also feature tutorials, how-to guides, and weekly webinars to help you navigate the financial markets and find better trading opportunities. You can start trading and investing online by opening a live trading or demo trading account.
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PO Box 93894
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Trading Services
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Investing in CFDs involves a high degree of risk that you will lose your money due to the use of leverage, particularly in fast moving markets, where a relatively small movement in the price can lead to a proportionately larger movement in the value of your investment. This can result in loses that exceed the funds in your account. You should consider whether you understand how CFDs work and you should seek independent advice if necessary.
ADS Securities LLC – S.P.C (“ADSS”) is authorised and regulated by the Securities and Commodities Authority (“SCA”) in the United Arab Emirates under First Category: Dealing in Securities and Fifth category: Arrangement and advice (Introduction). ADSS is a Limited Liability Company – Sole Proprietorship Company incorporated under United Arab Emirates law. The company is registered with the Department of Economic Development of Abu Dhabi (No. 1190047) and has its principal place of business at 8th Floor, CI Tower, Corniche Road, P.O. Box 93894, Abu Dhabi, United Arab Emirates.
The information presented is not directed at residents of any particular country outside the United Arab Emirates and is not intended for distribution to, or use by, any person in any country where the distribution or use is contrary to local law or regulation.
ADSS is an execution only service provider and does not provide advice. ADSS may publish general market commentary from time to time. Where it does, the material published does not constitute advice, or a solicitation, or a recommendation to a transaction in any financial instrument. ADSS accepts no responsibility for any use of the content presented and any consequences of that use. No representation or warranty is given as to the completeness of this information. Anyone acting on the information provided does so at their own risk.
