What's the difference between a Market Order and a Limit Order?
This confused me for weeks. Here's the simple version:
đĄ Market Order
"Buy right now at whatever the price is."
Fast. Simple. You get it immediately.
Downside: price might be slightly different than expected.
đ˘ Limit Order
"Buy only if the price drops to âšX."
You set your target. Binance waits. Buys automatically when it hits.
Better price. But might never fill if price doesn't reach your target.
For beginners â start with market orders. Less thinking, more learning.
Once you're comfortable, try limit orders for better entries.
Any questions? Drop them đ
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