The Difference Between a Limit Order and a Market Order

A market order prioritizes execution, but the final fill price may differ from the price you expected.

A limit order sets the maximum price you're willing to pay when buying, or the minimum price you're willing to accept when selling. However, execution is not guaranteed.

This difference matters in fast-moving futures markets.

The right choice depends on the setup, liquidity, urgency, and execution plan.

Understanding order types is part of risk management—not just a technical detail.