#OrderTypes101 TL;DR

When you’re trading stocks or cryptocurrency, you interact with the market by placing orders:

A market order is an instruction to buy or sell immediately (at the market’s current price).

A limit order is an instruction to wait until the price hits a limit or better price before being executed

That’s orders in a nutshell. Of course, each of these two categories has different variations that do different things, depending on how you want to trade.