Anonymous
Which is the one that I should be looking at when investing?
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Pang Zhe Liang
09 Mar 2020
Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)
Market Order is when you buy or sell a stock based on the current market price.
Limit Order is when you buy or sell a stock based on a pre-determined price.
The usage depends on what you are trying to achieve since each has its own pros and cons.
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A market order is an order to buy or sell a stock at the best available price and is normally executed on an immediate basis. A limit order, on the other hand, will allow setting the price at which one wants to buy or sell the stock