The optimist wrote:Hi Wazuans I need assistance on two issues :
1.Is their an expiry period for an order. I placed an order with one of the brokers since 30th July but hasn't been executed yet.Should I place the order again or what is the best way forward.
2. If you sell, does the broker automatically write a check or just holds the proceeds until you personally request for the check.
It all depends on your instructions. If you fill a form, some brokers will indicate a period of about one month. If you write an email, you shoud indicate validity period of your order.
The broker does not necessarily write a cheque unless you indicate so. Money will be kept by the broker on your behalf.