Market and limit orders
A market order prioritises execution; a limit order sets a maximum buying price or minimum selling price.
Definition
A market order prioritises execution; a limit order sets a maximum buying price or minimum selling price.
Why this concept matters
Understanding the difference helps control the execution price.
What to watch
A limit order may not execute, while a market order may receive an unfavourable price.
Simple example
A £50 buy limit normally prevents execution above £50.
Example currency : United Kingdom (GBP). The reference country controls the example currency.
Explore the guides →