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

Asked on 09 Mar 2020

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

Which is the one that I should be looking at when investing?

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Davin
Davin
Level 7. Grand Master
Answered on 09 Mar 2020

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

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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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