#TariffsPause **Contract Trading Orders**

1. Market Order

Description:

The transaction is executed immediately at the best available price in the market.

When to use it?

If you want to enter or exit quickly without waiting for a specific price.

Disadvantage:

You may not get the price you see on the screen, especially if liquidity is low or the market is moving quickly.

Example:

You see the price of ETH now at 1790.12 and want to buy immediately. You use a "Market" order and it will be executed directly at the nearest available price.

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2. Limit Order

Description:

You specify the price you want, and the transaction will only be executed when the market reaches that price.

When to use it?

If you want to buy or sell at a specific price better than the current price.

Useful for avoiding entering at a bad price.

Disadvantage:

The transaction may not be executed if the price does not reach the desired level.

Example:

You want to buy ETH if it drops to 1785.00, so you place a limit order to buy at that price, and the transaction will only be executed if the price reaches it.