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Buying investment trust on IBK

dublin2000 · 2023-07-28 10:27:22

Hi, I'm trying to place my first order on IBK to buy some Investment trust, I had put in the number of shares I want to buy at order type of "Market", then went to submit the order. However I got the following message. I'm not sure what does it mean! any advices is helpful! Thanks

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28-07-2023 11:27am

#1

dublin2000

Registered Users Posts: 86 ✭✭

Join Date: October 2009

Posts: 66

Hi, I'm trying to place my first order on IBK to buy some Investment trust, I had put in the number of shares I want to buy at order type of "Market", then went to submit the order. However I got the following message. I'm not sure what does it mean! any advices is helpful! Thanks

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#2 29-07-2023 5:07pm
Scoobydoobydoo101

Registered Users Posts: 53 ✭✭

Join Date: July 2022

Posts: 50

I don't know what it means but in any case you should be use "limit" order. That way you set the max buy price you wish to lock in at.

Using market orders exposes you to locking in too high Vs current market price.

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#3 30-07-2023 8:08pm
dublin2000

Registered Users Posts: 86 ✭✭

Join Date: October 2009

Posts: 66

https://www.boards.ie/discussion/comment/120912734#Comment_120912734

Thanks for the advice good to know, I will use limit next time!

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