What is Market Order?

An order that executes immediately at the best available price — you get speed, the market chooses the exact fill.

A market order tells the broker to execute immediately at the best price currently available. It guarantees that you get filled but not the exact price of the fill: in fast conditions, the executed price can differ from the quote you clicked, a difference called slippage. Market orders are the default way to enter when a setup confirms right now — a candle closes through a level, a change of character prints — and waiting for a better price risks missing the move entirely.

The cost of that immediacy is paid at the worst possible times. Around major news releases and in thin sessions, spreads widen and liquidity gaps, so a market order can fill several pips away from the expected price. For entries where the level matters more than the timing — returning to an order block, for example — a limit order at the level is usually the sharper tool. Professionals use both deliberately: market orders when speed is the edge, pending orders when price is.