Market order / Limit order

A market order says “fill me now at the best available price.” It prioritizes speed over exact price control. A limit order says “only fill at this price or better,” so you control the price but might not get filled if the market never reaches your level.

Beginners often use market orders for liquid instruments when they care more about being in or out than about a few cents. Limit orders help when you want a specific entry or exit and are willing to wait.