Limit order vs market order: what is the difference? | HiYesNo Glos…
A limit order uses a price you choose, while a market order focuses on immediate execution. Knowing the difference helps manage execution price and risk.
Key points
- A limit order controls the maximum buy price or minimum sell price, but may not fill immediately.
- A market order can execute faster, but may slip when liquidity is thin.
- New users should start with small orders to understand price, depth, and fills.
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