Market Order
A market order executes immediately at the best available price. You're saying "buy/sell now at whatever price the market offers."
Understanding the Concept
Market orders guarantee execution but not price. In liquid markets like Bitcoin or Apple, you'll get filled within cents of the quoted price. In illiquid markets or during volatility, slippage can be significant—you might pay much more (or receive much less) than expected. Use market orders when speed matters more than price: entering a fast-moving breakout, cutting a losing position, or when the spread is tight. Avoid market orders on illiquid assets or during low-volume hours. Limit orders are safer for precise entries.
Real-World Example
Bitcoin is breaking out above $50,000 and you want in now. You place a market buy order for 0.5 BTC. It fills instantly at $50,050—$50 slippage, but you're in the move.
How Strykr Helps
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