What is a delayed order?
When the market has closed you can still place an order which is dealt with when the market re-opens. The price on these orders is not a guaranteed price and the order will be dealt in fair and due turn at the best price available for an order of that size.
To protect the price of your order you can set up a TradePlan, this completes your trade when the price hits a pre-set limit. For example, if you want to buy a stock at 98p, and the price is currently higher than 98p, you could set up a limit order which would only deal when the stock falls to 98p.
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