#订单类型解析 In digital currency trading, the common types of orders are as follows:

Market Order

• Definition: An order executed immediately at the current market price. When traders place a market order, they do not specify a specific price but instead transact at the best available buy and sell quotes in the market.

• Features: Can execute quickly, ensuring timely execution of trades, but cannot control the execution price, which may result in less than ideal prices during significant price fluctuations.

Limit Order

• Definition: An order in which the trader specifies a particular price, and it will only be executed when the market price reaches or exceeds that specified price.

• Features: Allows control over the execution price, enabling the trader to buy or sell at their desired price. However, if the market price does not reach the specified price, the order may not be executed.