So my accounts are open, just waiting for my other STANLIB accounts etc. to be closed and get the money transferred
My question is with regards to the trading screen (I've only got real experience with buying and selling on EasyEquities so bare with me). On the screen I've got the option to buy with the following options:
Number of Shares
Order Type (always set to Limit Order)
Limit Price (cps)
Expiry Date
So am I correct in assuming that it is asking me to place an offer to purchase x amount of shares for x amount of money (cost per share) and that the offer is valid till x date? When the criteria is matched the order will execute else nothing will happen?