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Market Order Meaning

An order to buy or sell an asset immediately at the best available current price. Market orders prioritize "Speed" and "Certainty of Execution" over "Price." When you use a market order, you are a Liquidity Taker.

You are saying: "I don't care what the price is, just get me in (or out) right now." This is useful in an emergency or when you are afraid of "Missing a Move." The danger of market orders is Slippage. In a volatile or illiquid market, a market order can be executed at a much worse price than what you see on the screen.

For this reason, professional traders almost always use "Limit Orders" unless they are trading a highly liquid asset like Bitcoin on a major exchange.

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