#OrderTypes101

📘 #OrderTypes101 – What is a Market Order?

Do you want to execute your trade immediately? 🤔

⬇️⬇️⬇️

🔹 A Market Order is a buy or sell order that is executed immediately at the best available price in the current market.

🟢 When do you use it?

When speed of execution is more important to you than price.

In times of rapid fluctuations or when an immediate opportunity arises.

📌 A simple example:

You are monitoring the BNB coin and its price is currently $600.

Do you want to buy immediately before the price goes up further?

✅ Place a "Market Order" and the trade will be executed at the nearest possible price.

⚠️ But be careful!

The price may change within a fraction of a second, especially in low liquidity markets = you might buy at a higher price than you expected!

🔍 In summary:

✔️ Fast

❌ Less control over the price

🚀 Use it when the opportunity is more important than accuracy in price.