#订单类型解析 Market Order

• Definition: An order that is executed immediately at the current market price. When traders place a market order, they do not specify a specific price but instead execute at the best available buy or sell quote in the market.

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

Limit Order

• Definition: An order where 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 the desired price. However, if the market price does not reach the specified price, the order may not be executed.