Day15whatisMARKETORDER
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Day 15 of 100: Understanding Market Orders on Binance
Today, let’s talk about one of the simplest types of orders you can place on Binance: the Market Order.
A Market Order is used when you want to buy or sell immediately at the best available price. Unlike a Limit Order (where you set your own price), a Market Order fills instantly based on the current market prices.
Key Points:
You don't control the exact price, but your order executes quickly.
Market orders are great when speed is more important than getting a specific price.
Be cautious during highly volatile times — prices can change rapidly while your order is processing.
Example:
If $BTC is trading at $94,000 and you place a market buy order, you’ll get Bitcoin at approximately that price (depending on liquidity and order book depth).
Tip:
Use Market Orders when you must enter or exit a position fast. If you want more control over the price, consider using Limit Orders instead.
#Day15whatisMARKETORDER
Today, let’s talk about one of the simplest types of orders you can place on Binance: the Market Order.
A Market Order is used when you want to buy or sell immediately at the best available price. Unlike a Limit Order (where you set your own price), a Market Order fills instantly based on the current market prices.
Key Points:
You don't control the exact price, but your order executes quickly.
Market orders are great when speed is more important than getting a specific price.
Be cautious during highly volatile times — prices can change rapidly while your order is processing.
Example:
If $BTC is trading at $94,000 and you place a market buy order, you’ll get Bitcoin at approximately that price (depending on liquidity and order book depth).
Tip:
Use Market Orders when you must enter or exit a position fast. If you want more control over the price, consider using Limit Orders instead.
#Day15whatisMARKETORDER
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