A market order tells your broker to buy or sell immediately at the best price currently available. It guarantees your trade is filled but not the exact price, so in fast markets it may fill with some slippage. It is the simplest way to enter or exit a position.
Forex Term
Market Order
An order to buy or sell immediately at the current price.
Example
Placing a market buy on EUR/USD fills instantly at the current ask, say 1.1051.
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Risk
Forex and CFD trading involves significant risk of loss and is not suitable for all investors. Leverage can work against you. This content is educational and not financial advice — always do your own research.