A <a href='/Market_Order'>market order</a> is an order to buy or sell a <a href='/Security'>security</a> at the best available <a href='/Price'>price</a> in the current market. It is the most common type of order and is filled immediately at the best available <a href='/Price'>price</a>.
A <a href='/Market_Order'>market order</a> is an order to buy or sell a <a href='/Security'>security</a> at the current market <a href='/Price'>price</a>. It is the most basic type of order and is used when the investor wants to buy or sell a <a href='/Security'>security</a> as soon as possible. <a href='/Market_Order'>Market order</a>s are typically filled immediately, but the <a href='/Price'>price</a> at which the order is filled may be different from the <a href='/Price'>price</a> at which the order was placed.<br><br><a href='/Market_Order'>Market order</a>s are used when the investor wants to buy or sell a <a href='/Security'>security</a> quickly and does not care about the <a href='/Price'>price</a> at which the order is filled. <a href='/Market_Order'>Market order</a>s are also used when the investor wants to buy or sell a large quantity of a <a href='/Security'>security</a> and does not want to wait for the <a href='/Price'>price</a> to move in their favor.<br><br><a href='/Market_Order'>Market order</a>s are typically filled immediately, but the <a href='/Price'>price</a> at which the order is filled may be different from the <a href='/Price'>price</a> at which the order was placed. This is because the market <a href='/Price'>price</a> of a <a href='/Security'>security</a> can change quickly and the order may be filled at a different <a href='/Price'>price</a> than the one at which it was placed.<br><br><a href='/Market_Order'>Market order</a>s are subject to <a href='/Slippage'>slippage</a>, which is the difference between the <a href='/Price'>price</a> at which the order was placed and the <a href='/Price'>price</a> at which it was filled. <a href='/Slippage'>Slippage</a> can occur when the market is <a href='/Volatile'>volatile</a> or when there is a large order that needs to be filled.<br><br><a href='/Market_Order'>Market order</a>s are typically used by investors who want to buy or sell a <a href='/Security'>security</a> quickly and do not care about the <a href='/Price'>price</a> at which the order is filled. <a href='/Market_Order'>Market order</a>s are also used by investors who want to buy or sell a large quantity of a <a href='/Security'>security</a> and do not want to wait for the <a href='/Price'>price</a> to move in their favor. <a href='/Market_Order'>Market order</a>s are subject to <a href='/Slippage'>slippage</a>, which is the difference between the <a href='/Price'>price</a> at which the order was placed and the <a href='/Price'>price</a> at which it was filled.