What Is Market Order?
An order that executes immediately at the best available price. Market orders guarantee execution but not price, so they pay taker fees and absorb whatever slippage the order book imposes.
Related Terms
- Limit Order An order to buy or sell at a specified price or better.
- Taker A trader whose order removes liquidity by filling against existing orders, typically via market orders.
- Slippage The difference between the price you expected and the price you actually got.
Where You Will Meet This Term
You will run into market order constantly on any futures exchange, from the order panel to the position dashboard. If you are still building your foundation, our guides on leverage, liquidation and risk management connect the vocabulary into an actual trading process, and the full glossary covers every other term you will encounter.