A Market Order is an order to buy or sell a contract immediately at the best available price in the order book. This order type is used when the trader wants immediate execution of the order without waiting for a specific price.
When Should You Use a Market Order?
Use a market order when:
You want instant execution
You’re willing to accept some price fluctuation
You don’t need to set a specific price
Example
If the current market price of BTCUSD is 67,500 and you place a Market Buy order, the order will be executed immediately at the best available ask price in the order book. If you place a Market Sell order, the order will be executed immediately at the best available bid price in the order book.
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