#OrderTypes101

Order Type 101 typically refers to a Market Order. In trading, a Market Order is a request to buy or sell a security immediately at the best available market price. This means the order will be executed as quickly as possible, at the current market price. 

Key features of a Market Order:

Immediate Execution:

Market orders are designed to be filled immediately at the next available price.

No Guaranteed Price:

While execution is guaranteed, the actual price at which the order is filled may vary depending on market conditions.

Speed of Execution:

Market orders are particularly useful when a trader needs to quickly enter or exit a trade.