Is a difference between a limit and an order ? I feel like a sell/order executes itself at this price and no other. When a limit can get downer/higher, following the market "stocks". Am i right ?
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Is a difference between a limit and an order ? I feel like a sell/order executes itself at this price and no other. When a limit can get downer/higher, following the market "stocks". Am i right ?
Yes! An order I'll call a market order which you pay what it is currently trading at, which costs you a takers fee. A limit allows you to set a buy lower than the current price and sell at a higher price. So you don't have to sit and wait for your chance to jump in. You can say to yourself I won't pay more than X for this and then if the market meets your in the money