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Basics

Market order

A market order is an instruction to buy or sell immediately at the best price available. It fills quickly but not at a guaranteed price, so slippage is possible.

Also called: instant execution, market execution, buy at market, sell at market

Hypothetical example

Hypothetically, EUR/USD shows 1.1000 / 1.1002 and you send a market buy order. It fills at the ask, 1.1002, or at a slightly different price if the market moves before execution.

Related terms

Used in these guides

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