Glossary

A market order is a type of trade order where an investor instructs their broker to buy or sell a security immediately at the best available current price. 📈

The primary goal of a market order is to ensure a quick execution, rather than waiting for a specific price. Because of this, market orders are generally filled quickly, but the investor may not have full control over the price at which the transaction occurs.

For example, an investor may place a market order to buy 100 shares of Company XYZ, and the broker will execute the trade at the best available price at that moment.

Fun fact: Market orders are the most common type of order used by retail investors, due to their simplicity and speed of execution. 🚀 However, they can be risky in volatile markets, as the final execution price may differ significantly from the price at the time the order was placed.