Market order: buy or sell a given instrument at the market price.
The price for these types of orders is defined as the best price available on the market at the point of time the order is being placed.
Since the price changes constantly, the total price and fees are provided as estimates rather than exact values.
Please note, when trading less liquid assets, market orders might not be the ideal choice. A better option are limit orders that let you specify a price at which you're willing to buy. For more information on this order type, read here.
Additional options:
- Stop-loss — an option that helps minimise risks. Learn more about Stop-loss option here.
- Take-profit — an option that helps to solidify your profits from a trade. Learn more about Take-profit option here.
- Reduce only — an option, which will only reduce the size of your existing position. More info on this option here.
- Post only — an option, which ensures that your limit order will be added to the order book and not match with a pre-existing order. More info on this option here.
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