Market Orders vs Limit Orders
The two fundamental order types you'll use when trading.
What you’ll learn
- •A market order executes immediately at the best available price, prioritising speed over precision.
- •A limit order executes only at your specified price or better, prioritising precision over certainty.
- •Slippage is the gap between the price you expected and the price your order actually filled at.
- •A limit order can fill instantly, partially, over time, or never — there's no guarantee.
- •The bid is the best current buy offer, the ask is the best current sell offer, and the spread is the gap between them.
- •A market order never guarantees the exact price you last saw on screen — the display is only a snapshot.
Full lesson and quiz for subscribers.
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