4. Market Order vs. Limit Order

Market Order is executed (usually immediately) at the best currently available price i.e. Market Rate.

Limit Order lets you specify the rate you wish to trade at. The exchange will execute the trade only when the market price meets your rate or better.

Therefore, Limit Order typically takes longer to complete since it depends on market conditions; the market price may take forever or no time at all to meet your specified rate.


Next: Tips for Setting a Limit Order >>