Understanding Equities - Question 85

What is the difference between a limit order and market order?

A “limit order” specifies the highest price you are willing to pay for a stock, or the lowest price you will accept for the sale of a stock you own. If you make a “market order,” you are not specifying a price; your order will be executed for the best price available at the time you place the order. You'll learn the price after the order has been executed.