Market vs limit orders

A market order buys or sells right away at the best available prices; a limit order only at your price or better.

What it means

Market orders are fast but can fill at worse prices (slippage); limit orders control the price, not the timing.

What to watch

The spread and how much is on offer, especially in small coins where slippage adds up.

How Compass-Alpha uses it

Background only; not used in any figure on Compass-Alpha.