> For the complete documentation index, see [llms.txt](https://intel-markets.gitbook.io/intel-markets-whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://intel-markets.gitbook.io/intel-markets-whitepaper/trading-mechanisms/market-and-limit-orders.md).

# Market and Limit Orders

Intel Markets offers traders the flexibility to execute trades using two primary order types: market orders and limit orders.

* Market Orders: Market orders are used for immediate execution at the current market price. When you place a market order, your trade will be filled at the best available price on the order book, ensuring swift execution but potentially at slightly varying prices.
* Limit Orders: Limit orders allow traders to specify the maximum price (for sell orders) or minimum price (for buy orders) at which they are willing to execute a trade. By setting a limit price, traders can control the price at which their orders are filled, providing greater precision and control over their trades.