Briefly Explain the Difference Between a Market Order and a Limit

question 34

Essay

Briefly explain the difference between a market order and a limit order.

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Definitions:

EEG

A medical test, also known as an electroencephalogram, which measures the electrical activity of the brain.

Amplitude

In physics, the maximum extent of a vibration or oscillation, measured from the position of equilibrium.

Brainwaves

Electrical impulses in the brain, measured by EEG, that reflect the brain's activity levels and states of arousal, including delta, theta, alpha, beta, and gamma waves.

REM Sleep

A phase of sleep characterized by rapid eye movements, low muscle tone, and vivid dreams, during which the brain is highly active.