📌 Day 18: Market Order and Limit Order
Why does one person buy at $100 and another at $98, at the same time? 🤔
Market order: you buy or sell immediately at the current price. Fast, but the price may differ slightly.
Limit order: you tell the platform the price you want, and it waits until the price reaches it. You control the price, but it may not get filled.
Example: a market order is like buying goods at the market right now at the price the seller names. A limit order is like saying, "If it comes down to N5,000, I'll take it."
Which do you use? Write M or L 👇
#OrderTypes #DanATWO #BinanceSquare #Trading
Not financial advice.
Why does one person buy at $100 and another at $98, at the same time? 🤔
Market order: you buy or sell immediately at the current price. Fast, but the price may differ slightly.
Limit order: you tell the platform the price you want, and it waits until the price reaches it. You control the price, but it may not get filled.
Example: a market order is like buying goods at the market right now at the price the seller names. A limit order is like saying, "If it comes down to N5,000, I'll take it."
Which do you use? Write M or L 👇
#OrderTypes #DanATWO #BinanceSquare #Trading
Not financial advice.
