Before buying stocks, you must understand the difference between market orders and limit orders.
**Market Order**: The most straightforward method, where the order is executed immediately, but the price may fluctuate. For example, if you want to buy XYZ stock at a price of 2000, the final transaction price could be 2005 or 1995, depending on the market's quote at that time. ✅ Suitable for: Investors who are eager to get in and do not care about small price differences.
**Limit Order**: You set the highest buying price or the lowest selling price, and the transaction only occurs when that price is reached. For example, if you set a limit order at 2000, the stock will only be executed when it drops to 1950. ✅ Suitable for: Investors who want to control costs and are willing to wait for better prices.
The core difference is: Market order = speed priority, limit order = price priority. Just choose according to your own investment pace.
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Before buying stocks, you must understand the difference between market orders and limit orders.
**Market Order**: The most straightforward method, where the order is executed immediately, but the price may fluctuate. For example, if you want to buy XYZ stock at a price of 2000, the final transaction price could be 2005 or 1995, depending on the market's quote at that time.
✅ Suitable for: Investors who are eager to get in and do not care about small price differences.
**Limit Order**: You set the highest buying price or the lowest selling price, and the transaction only occurs when that price is reached. For example, if you set a limit order at 2000, the stock will only be executed when it drops to 1950.
✅ Suitable for: Investors who want to control costs and are willing to wait for better prices.
The core difference is: Market order = speed priority, limit order = price priority. Just choose according to your own investment pace.