Buy or sell order without price limits.inding buy and sell prices for a security.

There are two types of buy or sell orders: Market orders or Limit orders. Market orders are executed at the next possible price. For buy orders this is also called "cheapest", for sell orders "best". With limit orders, on the other hand, trading participants specify an upper or lower price limit up to which an order is to be executed.

The advantage of market orders is that they are executed immediately. On the other hand, they do not offer the protection of a limit in more extreme market situations.

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