What is a Market Order in Forex?
Market Order
Forex Trading Glossary
Quick Answer: A market order executes immediately at the best available current price. It guarantees execution but not the exact price due to potential slippage.
What is a Market Order?
A market order instructs your broker to buy or sell immediately at the best available price. Market orders prioritize speed over precision and are filled as soon as liquidity is available.
When to Use Market Orders
- Fast-moving markets: When you need quick entry or exit.
- Stops and take profits: Trigger as market orders once price hits the level.
- During news: Be cautious—slippage can occur if liquidity is thin.
- Smaller positions: Less likely to move the market or incur slippage.
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