Market, limit, stop, and time-in-force instructions tested on the Series 6 exam.
This section is about translating customer intent into the correct order instruction. Series 6 questions here usually test whether you know what the customer is trying to control: price, speed, or execution condition. The wrong answers often come from choosing an order type that sounds sophisticated but does not match the customer’s actual goal.
The best method is to ask one question first: what is the customer trying to protect? If the customer wants immediate execution, that points in one direction. If the customer wants price control, it points in another.
| Customer goal | Better order instinct |
|---|---|
| Immediate execution | Market-oriented instruction |
| Price limit | Limit-style instruction |
| Triggered action only if a price point is reached | Stop-style instruction |
| Specific duration | Time-in-force choice matters, not just the order type |
Use this section to build a translation habit: customer objective first, order label second.