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How are limit orders different from market orders?

by Nana123 » Wed Mar 22, 2023 2:31 pm

Greetings! How are limit orders different from market orders and why might a trader choose one order over another when placing an order on a trading exchange?
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Re: How are limit orders different from market orders?

by Auroth » Wed Mar 22, 2023 2:34 pm

Hello! When placing an order on a trading exchange, there are two types of orders to choose from: market orders and limit orders. Market orders are filled at the best available price, while limit orders set the maximum or minimum price at which a trader is willing to buy or sell. A trader can choose a limit order to control the price he pays or receives, while a market order can be used when execution speed is more important than price, or read actions. Understanding the differences between these order types is essential to successful trading.
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