WickCheck / Trading school / Market order
Market orderBeginner
An order filled straight away at the best available price.
What it means
Fast and certain to fill, but you accept the current spread and any slippage. Good for entries that must happen now; costly around news when spreads jump.
How to spot it
- Use it when getting in matters more than the exact price.
Common mistakes
- Market orders into high-impact news, then blaming the platform for the fill.
Related terms
Limit orderAn order to buy below or sell above the current price, filled only at your price…Stop orderAn order to buy above or sell below the current price, used to enter breakouts o…Spread, commission and slippageThe costs paid on every trade: the bid–ask spread, broker commission, and the di…
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Education only, not financial advice. Definitions vary between teachers; these are ours, written for clarity.