(NAKD) usually have a wider spread.Ī limit order tells your broker to buy or sell a stock or ETF at a specific price point or better.

Large-cap stocks like Microsoft (MSFT) usually have a low spread, while small-cap stocks like Naked Brand Group Ltd.

The difference between the ask price and the bid price is known as the spread. It is crucial to also keep this price point in mind when buying or selling a stock or ETF. The lowest price that a seller is willing to accept for a stock or ETF is known as the ask price. This price point is important to keep in mind when evaluating the order type you want to use and how much capital you want to put to work. The highest price that a buyer is willing to pay for a stock or ETF is known as the bid price. Here are some of the more common order types and what they mean. Choosing your order type gives you much more control over your risk and the trade overall. Next, decide what type of order to use when making this purchase. Remember, any investment can decrease in value at any time, so define your risk tolerance. Any order placed should be filled relatively quickly and close to the market price. Check the daily price SLV and evaluate how much money you’re willing to risk. The type of investor that typically uses the serviceĪfter opening and funding your brokerage account, decide how many shares of SLV you want to purchase. Some factors to focus on when choosing a brokerage include: You can find an almost limitless number of brokerage services - each offers a variety of services at different price points.

Before buying shares in iShares Silver Trust (SLV), select a brokerage to use in order to place trades.

Ishare silver trust stock