Understanding Market Orders:
A market order is executed immediately at the current market price. It’s ideal for traders who prioritize speed over price precision.
When to Use:
• High Volatility: When prices are moving rapidly, and you want to ensure your order is filled.
• Quick Entry/Exit: Ideal for entering or exiting positions swiftly without waiting for a specific price.
Caution:
While market orders guarantee execution, they don’t guarantee the price. In volatile markets, the executed price may differ from the last quoted price.
Pro Tip:
Combine market orders with stop-loss strategies to manage risks effectively.
