Limit Order vs. Market Order: Know Your Orders

When trading Forex, traders often consider whether to use a market or limit order. The only difference is that a market order allows you to execute trades immediately, while a limit order enables you to buy or sell an asset at a predetermined price and time. Besides, a limit order provides a more precise entry into the market, whereas a market order enables swift reactions to market volatility. As a result, each order is good in its way. Let us analyze which one is better — a market or lim