Market Order vs Limit Order
These are the two orders you'll use most. A market order fills right now at the best available price — speed over price. A limit order fills only at your chosen price or better — price over speed. Knowing when to use each keeps you from overpaying or missing trades.
Market orders
A market order says “get me in now.” It fills instantly, but the price can be slightly worse than you saw — that gap is slippage, and it's worst in fast or thin markets. Use market orders when getting in or out immediately matters more than a tick or two.
Limit orders
A limit order says “fill me only at this price or better.” You control the price and avoid slippage, but you might not get filled if price never reaches your level. Great for patient entries at an order block or FVG, or for taking profit at a target.
Which should you use?
Many traders enter with limits at planned levels and exit losers with market orders (or a stop, which becomes a market order when triggered). Speed to cut a loss; patience to enter well.
I break this down live on NQ and ES every session — so you learn the timing, not just the theory.
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What is slippage?
Slippage is the difference between the price you expected and the price you actually got. Market orders in fast markets are the main source of it.
Are limit orders always better?
No — a limit order can leave you unfilled while price runs without you. When exiting a losing trade, filling now usually beats holding out for a better price.
Educational content only, not financial advice. Trading futures carries substantial risk of loss.