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What is the difference between a market order and a limit order?

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Written by Boluwatife Akande

Both order types allow you to buy or sell shares, but they work differently.

Market Order

  • Executes immediately.

  • Uses the best available market price.

  • Prioritises speed over price.

Limit Order

  • Executes only at your chosen price or better.

  • Gives you greater control over price.

  • May take time to fill or may never be executed.

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