Market Order

Order Types

An order to buy or sell immediately at the best available price. Guarantees execution but not price. Fast markets or low liquidity can result in significant slippage.

Related Terms

Limit Order

An order to buy or sell at a specific price or better.

Slippage

The difference between the expected execution price and the actual fill price.

Bid

The highest price a buyer is willing to pay for a security.

Ask

The lowest price at which a seller is willing to sell a security.

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Order Types Demystified

Level 1: Foundation · 18 min