Market order
A market order buys or sells straight away at the best price available, trading certainty of filling for certainty of price.
In a fast or thin market, a market order can fill at a worse price than the last quote, which is called slippage.
Related terms
- Limit order: A limit order buys or sells only at a set price or better, so you control the price but it may never fill.
- Slippage: Slippage is the difference between the price you expected and the price you actually got on a trade.
- Bid-ask spread: The bid is the highest price a buyer will pay right now, the ask is the lowest price a seller will accept, and the spread is the gap between them.
Guides
Practise with $10,000 in play money
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