Glossary
What is Market order
An order to "fill now at the best available price". It fills for sure, but the price may be worse than what you saw — that is slippage.
How it works
A market order takes the best opposing price in the order book.
Example
Exiting a $17,016 position with a stop-market on Binance Futures (taker 0.05%): a fee of about $8.51 — versus $3.40 for a limit entry.
Common mistake
Entering a thin market with a large market order: slippage eats part of the R before you start.
Read next
Related terms
Frequently asked questions
- Where can I learn Market order step by step?
- In the Trading OS Academy: “Stop and take-profit are orders, not intentions”, “Costs: fees, funding, slippage”.
- What is Market order related to?
- Limit order; Slippage; Maker / taker fee; Spread.
Plan versus outcome — for every trade
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