What is the difference between Market Order and Limit Order? Which one should I be using?

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

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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