OK I have never purchased a fund before only stocks. Just place an order to buy a fund, but there is no bid or ask, it seams trade is done at market close. So what price do I get ? Are all orders market orders ? Can I use stop orders to protect my capital ? Ok I am very green on the transaction process ...
Look on big charts. You get the price at the market close. There is no bid ask. Some rydex fund, you can buy or sell twice a day. But the majority don't.