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Market and limit orders on Kraken Classic
If you are looking for information on market and limit orders on Kraken Pro, you can find out how here!
Market and limit orders are two critical trading terms to be aware of before you begin trading. How you decide whether to use a limit order or a market order will depend entirely on what you are trying to achieve.
Image: Simple order form showing the Market/Limit toggle button.
What is a limit order?
What is a market order?
Example: Using limit order to wait for better price
Example: Using limit order to enter a short position
"Post limit order" checkbox