When you are about to place an order to purchase a stock you have the option to buy when the stock price increases. You will then be asked to set a specific stock price. This means your order will only be executed when the price of the stock you are about to purchase is at or above the amount you specified.

What does “Buy When Price Decreases” mean?   When you are about to place an order to purchase a stock you have the option to buy when the stock price decreases. You will then be asked to set a maximum amount you are willing to pay. This means your order will only be executed when the price of the stock you are about to purchase is at or below the amount you specified.

This type of order is called a Stop Order.

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