1.Limit Price:
A Limit Price is when you set a specific price, and the system will only execute the order when the market reaches your set price. If the order is not executed immediately, it will be displayed as “frozen.”
2.Market Order:
A market order is executed at the current market price with the fastest speed possible, but the execution price may deviate slightly from the current market price.
3.Key Differences:
·Execution Time: Limit orders may take longer to execute, while market orders are executed immediately.
·Price Certainty: Limit orders allow you to set the exact price at which your order will be executed, whereas market orders do not guarantee a specific price.