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What is the primary difference in priority between a limit order and a market order when execution certainty is compared to price certainty?



The primary difference between a limit order and a market order is the trade-off between execution certainty and price certainty. A market order prioritizes execution certainty, meaning it ensures the order is filled immediately at the best available current market price. However, this offers no price certainty, as the final execution price may be higher or lower than the last displayed price depending o....

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Redundant Elements