MAEXO

Market order

Glossary

Trading

Market order

An order that executes immediately at the best available price.

Definition

In depth

A market order tells the exchange to fill your trade right now, taking whatever price is available on the order book. Fast but you may pay slippage if liquidity is thin.

Related

Related terms

Limit order

An order that only executes at your specified price or better.

Slippage

The difference between expected and executed trade price.

Spot trading

Buying or selling crypto for immediate settlement at the current price.

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