#OrderTypes101 #MarketOrder

A market order is a basic trading instruction to buy or sell an asset immediately at the best available current price. Unlike limit orders, it guarantees execution but not the exact price, making it ideal for fast-moving markets where speed matters more than precision. Market orders are commonly used in both CEXs (like Binance) and DEXs (like Uniswap), though DEXs may experience slippage due to liquidity gaps. Pros include instant execution and simplicity, while cons involve potential price fluctuations (especially in volatile markets). Traders often use market orders when liquidity is high to minimize unexpected price changes.