What's the difference between a market and a limit order?
A market order executes immediately at the best available current price. A limit order waits: it only executes at your chosen price or better — a buy fills at or below your limit, a sell at or above it.
Market orders buy certainty of execution at the cost of price control; limit orders buy price control at the risk of never filling. Neither is 'better' — scalpers grabbing a moving market use market orders, patient traders bidding for a pullback use limits.
Limit orders also carry a time-in-force: a Day order expires at the end of the trading day if unfilled, while GTC (good-til-canceled) waits indefinitely until it fills or you cancel it. On Poshkan, background workers fill your limit orders even while you're offline — the same way a real broker's servers would.
Learn it by doing — on virtual money
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Create a free accountEducational content, not financial advice. Poshkan is a paper-trading simulator — all money, trades, and returns are 100% virtual.