I have a question in regards to ComSec. I have just activated my account, and was about to purchase x amounts of shares, but since it was after 5pm it only allowed me to buy "at limit" as I was outside the trading area to buy "at market".
What exactly is "at limit"... Do I enter in my maximum payment per share, and if it hits that amount the next trading day I buy the shares? What if i specify say $2.20 for the "at limit" and it closed @ $2.26, how does that work? What if it never drops to $2.20? How long does that bid last for etc.
Any more help on this would be great.
Once this in clarrified ill start reseaching some more companies and begin my first trade.