Order Types
Market Order
Definition
What is Market Order?
An instruction to buy or sell immediately at the best available prices.
Example in practice
How This Looks in Practice
A market order may fill quickly but at several prices in a thin market.
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Related Terms
Order Types
Limit Order
An instruction to trade only at a specified price or better.
Order TypesStop Order
An order that becomes active after a specified trigger price is reached.
Order TypesStop-Limit Order
An order that becomes a limit order after a stop price is reached.
Market DataOpen Price
The first official or regular-session traded price for a period.