What are the benefits of using limit orders over market orders ? ? ?

Using limit orders offers several advantages over market orders:

- Price Control : Limit orders allow you to set a maximum purchase price or minimum sale price, ensuring you don't pay more or receive less than your specified amount.

- Protection Against Volatility : They are particularly useful in volatile markets, preventing execution at unfavorable prices during rapid price swings.

- Flexibility in Execution : Limit orders can be placed during pre-market and after-hours trading, providing more opportunities to execute trades at desired prices.

- Reduced Slippage : By specifying a price, limit orders help minimize slippage, which is the difference between expected and actual transaction prices.

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