Market Order
A market order buys or sells immediately at the best available current price.
Why this matters
It prioritizes speed, but the final execution price can differ from the last quoted price.
Simple example
You place a market buy for an ETF and it fills right away at the next available ask price.
Common mistakes
- Using market orders in very low-liquidity assets.
- Expecting exact execution at the quoted price.
- Placing market orders during highly volatile moments.