How Trading Actually Works

Quick Recap

• A brokerage account is the account that actually holds your money and lets you place trades.
• A market order fills immediately at the best available price; a limit order only fills at the price you set.
• Every trade has two sides — you always need a willing buyer or seller on the other end.
• Fees and spreads are small on their own but add up — always know what you're actually paying to trade.