# Limit Order & Market Order

Market.Cards supports two common order types: Limit Order and Market Order.

## **Limit Order**

**Limit Order** is an order where you set the price yourself.

If you want to buy, you can set the highest buy price you are willing to accept. If you want to sell, you can set the lowest sell price you are willing to accept. A limit order only fills when a counterparty meets your price.

{% hint style="info" %}
**A limit order may not execute immediately, and it is not guaranteed to execute.** It may be fully filled, partially filled, or remain in the order book waiting for a match. If the order is not filled, or only partially filled, during its valid period, the remaining portion may expire or be canceled, subject to what the page displays and the applicable platform rules.
{% endhint %}

## **Market Order**

**Market Order** is an order intended to execute as quickly as possible at the currently available market price.

It's the better choice when speed matters. On Market.Cards, a market order is essentially an "automatically priced limit order." When you place the order, the system looks at the current order-book depth and the amount you want to buy or sell, estimates the corresponding executable quote, and pre-fills that price into the order. After you confirm, the order is submitted using that price as its limit price.

{% hint style="info" %}
**The final execution price will not be higher than the price you confirmed when buying, or lower than the price you confirmed when selling.** If the order book changes at the moment you confirm, the order may be partially filled or may fail to execute; any remaining portion may expire or be canceled, subject to what the page displays and the applicable platform rules.
{% endhint %}


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