What is the difference between limit orders and market orders?

[chirag-garg]

When an order is placed by an investor to sell or buy a stock, two fundamental execution options pop up:

1. One can choose to place their order “at the market”: These orders are transactions that are meant to be executed as quickly as possible at one’s current market price.

2. Or one can choose to place their order “at the limit”: These are the minimum price or the maximum price at which you can be willing to buy or sell your orders.