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Limit orders and market orders are two different methods for executing trades in spot trading, each with its own advantages and disadvantages.

Limit Order

- *Definition*: A limit order is a buy or sell order that is executed at a predetermined price.

- *Advantages*:

- *Price Control*: You can set the price at which you want to buy or sell.

- *Avoiding Fluctuations*: You can avoid sudden price fluctuations.

- *Disadvantages*:

- *No Guarantee of Execution*: The order may not be executed if the price does not reach the specified level.

Market Order

- *Definition*: A market order is a buy or sell order that is executed immediately at the current market price.

- *Advantages*:

- *Immediate Execution*: The order is executed immediately.

- *Guarantee of Execution*: The execution of the order is guaranteed.

- *Disadvantages*:

- *No Price Control*: The price at which the execution occurs may not be the expected price.

Which is better?

The choice between a limit order and a market order depends on your trading strategy and your risk tolerance.

- *If you want price control*: A limit order might be the better option.

- *If you want immediate execution*: A market order might be the better option.