Market vs limit orders
Market Basics
Speed vs price
A market order fills NOW at whatever price is there. A limit order fills only at your price or better. You control cost, but you might not get filled.
Check yourself
You must exit a crashing position immediately. Which order?
- Limit at your price
- Market correct
- No order, wait
Market orders sacrifice price for certainty. When out means OUT, that's the tool.
Learn this properly
This term has a full interactive lesson in Wick — the chart, the pattern to tap, and a live practice terminal to try it on. Free to start.
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