Market and limit orders
A market order fills right away at the available price. A limit order only fills at your price or better, and may not fill at all.
Why it matters for AI trading tools
Agents and bots can place both. Market orders risk slippage; limit orders risk not filling.
Related on TraderStacks
More terms: Maker and taker fees · Paper trading · all terms
Education only. This definition explains a concept; it is not investment advice or a suggestion to trade.