Market orders buy certainty of fill
A market order fills at whatever price is available. In fast or thin markets that can be several cents worse than the last print, which is slippage.
Limit orders buy certainty of price
A limit order will not fill worse than your stated price, but it may not fill at all. Missing an entry is a real cost when the setup then works without you.
How traders mix them
Many traders enter with limits and exit risk with market or stop orders, on the logic that getting out matters more than getting a perfect price.
Educational content only. TradeCaster does not provide financial advice and past results never imply future performance.