What are market orders and limit orders?

Market Orders:

A market order is an instruction to buy or sell a token immediately at the current market price. It's executed quickly but doesn't guarantee a specific price. This type of order is suitable when speed is more critical than price.

Limit Orders:

A limit order is an instruction to buy or sell a token at a specific price or better. You set the maximum price you’re willing to pay, or the minimum price you’re willing to accept. The trade will only execute if the market price reaches your set limit.