#OrderTypes101 Here's a breakdown of Market Orders:

• Immediate Execution:

Market orders are designed to be filled immediately, meaning the trade will be executed at the current market price. 

• Price Uncertainty:

While the intention is to buy or sell at the best available price, market orders don't guarantee a specific price. The price may fluctuate between the time the order is placed and when it's executed, potentially leading to a difference between the intended and actual price. 

• Risk of Slippage:

Due to the potential for price changes, market orders can be exposed to "slippage," where the execution price differs slightly from the intended price. 

• Volatility Considerations:

In highly volatile markets, market orders may be filled at prices significantly different from the current market price, potentially impacting the trader's profit or loss. 

• Suitable for:

Market orders are often favored by traders who are looking to enter or exit a trade quickly without worrying about a specific price level. 

In essence, Market Order 101 is a basic order type for immediate execution, where the price may be subject to market fluctuations. #BinanceHerYerde