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The same is true for a market order as you are telling the market I will pay the market price no matter what it is. If you send a limit order through the book y
by kasey_junk 10y ago
The same is true for a market order as you are telling the market I will pay the market price no matter what it is. If you send a limit order through the book you will get price improved you won't pay your limit, thus it allows you to do a a market order with a backstop that protects you from wacky market swings.