What is the difference between market price and limit order?

A: When you place an order to buy or sell a stock, you have two main choices: a market price order or a limit price order. A market order means you want to buy or sell immediately at the best price available, while limit orders allow you to set parameters for price and time. How do you decide which to use?

What is a buy limit?

This means that you would not pay one cent over $10 for that particular stock. However, it is still possible that you could buy it for less than the $10 per share specified in the order. Buy Limit: an order to purchase a security at or below a specified price.

What is the difference between sell limit and buy stop?

Sell Limit: an order to sell a security at or above a specified price. To ensure an improved price, the order must be placed at or above the current market ask. 1 Buy Stop: an order to buy a security at a price above the current market bid.

Is a buy limit order guaranteed?

While the price is guaranteed, the order being filled is not. After all, a buy limit order won't be executed unless the asking price is at or below the specified limit price.