When to use it
Market orders are filled straight away, which is useful when you want to enter or exit now. The trade-off is that you do not control the exact price, so you may experience slippage in fast markets.
Forex glossary
What Is Market order in Forex Trading?
Definition
An instruction to buy or sell immediately at the best price currently available.
Updated
SaveRelated terms
- Pending order
- An order to buy or sell automatically if the price reaches a level you choose in the future.
- Slippage
- The difference between the price you expected when placing an order and the price at which it was actually filled.