1. Market orders are those orders where one buys or sells at the prevalent price and thus buyer of a stock will have to always pay a higher price and seller of a stock gets lower price. However this market order is of a great use for the day traders as they trade in present and do not waste time in waiting.
2. One can use limit orders to get the best price as these are those orders which allows one to buy or sell shares at a pre determined price. One will be able to get the best price by using this strategy but at times limit order may not get executed.
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