Post
Binance Academy
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What is marginal demand?
Summary
A limit order is an order that you place in the order list at a specific limit price that you specify. The trade will only be executed when the market price reaches your limit price (or a better price). So, you can use limit orders to buy at a lower price or sell at a higher price than the current market price.
Unlike market orders, in which trades are executed instantaneously at the current market price, limit orders are placed in an order list and are not executed immediately. In most cases, limit order fees are lower because you are trading as a market maker rather than a taker.
A limit order is an order that you place in the order list at a specific limit price that you specify. The trade will only be executed when the market price reaches your limit price (or a better price). So, you can use limit orders to buy at a lower price or sell at a higher price than the current market price.
Unlike market orders, in which trades are executed instantaneously at the current market price, limit orders are placed in an order list and are not executed immediately. In most cases, limit order fees are lower because you are trading as a market maker rather than a taker.
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