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Market Order
Forex Basicsbeginner
Updated 1/15/2024
Definition
A market order is an instruction to buy or sell a currency pair immediately at the best available current price. Market orders guarantee execution but not the price, especially in volatile markets.
Example
Placing a market order to buy EUR/USD will execute immediately at the current ask price, which might be 1.1052 if that's the best available price.
Tags
#basics#orders#execution
Related Terms
Limit Order
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Slippage
ForexSlippage occurs when your order is executed at a different price than expected, usually during high ...
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