SIE EXAM TESTS APPLICANTS ON TYPES OF ORDERS, SUCH AS MARKET, LIMIT, AND STOP ORDERS

Taking the Securities Industry Essentials Exam soon? Then be prepared for questions on Types of Orders, such as market orders, limit orders and stop orders. FINRA publishes an SIE Test Content Outline, and in Section 3.1.1 lists Types of Orders.

Bob Eder presents a full treatment of Types of Orders  in his Study for the Securities Industry Essentials (SIE) Exam. Here is a brief sample of Bob Eder's discussion:

"Stop Orders (3.1.1)

"A stop order is really a market order that waits, or depends, on some other trade execution in the same stock to first happen before the stop order can be executed.

"Stop Orders Have Triggers

"A stop order is "activated," "triggered," or "elected" once the indicated stop price is reached or breached by some other trade. Once a trade touches the stop price or there has been a "trade-through" (i.e., a trade below the stop price on a sell stop order, or a trade above the stop price on a buy stop order), a stop order is triggered, and then becomes a market order."

Bob Eder has devoted a whole chapter in his Study for the Securities Industry Essentials (SIE) Exam to Trading Securities, which includes Types of Orders.

Here is the link to FINRA's Content Outline for the SIE Exam. See the references to Types of Orders in FINRA's Content Outline, in Section 3.1.1.

Study for the Securities Industry Essentials (SIE) Exam is available from Amazon in both paperback and Kindle e-book versions. Here is the link to Bob Eder's book on Amazon.

For questions about Bob Eder's Study for the Securities Industry Essentials (SIE) Exam, or questions in general about the SIE exam, or about Types of Orders,  feel free to email Bob Eder at bobeder@bobeder.net.

Bob Eder received his Juris Doctor (J.D.) degree from the University of Utah, Quinney College of Law, in 2001. See Bob Eder's Author Page on Amazon.com.