Both the terms are relevant in direct stock investment.

• Market Order: Executes the order immediately at the current market price.
    ✅ Fast execution
    ❌ May get a worse price if the market is volatile.
  
  
• Limit Order: You set a specific buy/sell price for order execution.
    ✅ More control
    ❌ May not be executed if the price doesn’t match your set limit price.