How to use limit orders as market orders?

A limit order can be placed as a market order by doing the following:

• Placing a buy order with a limit price above the last traded price (LTP).
• Placing a sell order with a limit price lower than the LTP.

Both scenarios will trigger the limit order to execute similarly to a market order, as it instructs to fulfill the order at any price up to the limit specified. The advantage of using a limit order is that the specified limit price acts as a protection, preventing the order from being executed beyond that price.