What’s the difference between limit orders and market orders? Don’t worry—the class rep is here to explain:
FOK requires the entire order to be filled immediately. If it can’t be filled, the whole order is canceled, so there’s no partial fill.
A market order trades price certainty for immediate execution, while a limit order is the opposite: you control the price, but the order may not be filled.
Don’t laugh—I only learned this after making the mistake myself.
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