#OrderTypes101 What it is: Buy/sell immediately at the best available price.

Use when: Speed > price. You just want to get in or out ASAP.

Pros: Fast execution.

Cons: You might get a worse price due to slippage.

📌 Example: "Buy 100 shares of Apple at market" → your order fills instantly at the current ask price.

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🧭 2. Limit Order

What it is: Sets a specific price you're willing to buy or sell at.

Use when: Price > speed. You want control over the price.

Pros: Avoids overpaying or underselling.

Cons: Might not get filled if the market never hits your price.

📌 Example: "Buy 100 shares of Apple at $180" → only executes if price drops to $180 or lower.