Orders / Orders

What is a Market Order?

A market order asks to open or close as soon as possible at the available price.

Lesson 3 / 43 minBeginner
01 / What you'll learn

A market order asks to open or close as soon as possible at the available price.

04 / Visual explainer
Click order→Available quote→Execution
Illustrative example: one step at a time, then check the broker's official contract details.
05 / WHY IT MATTERS

06 / Explain it simply

What is a Market Order?

A market order asks to open or close as soon as possible at the available price.

07 / Everyday example

It is like taking the next taxi available: you want service now, but the exact fare can depend on the moment.

08 / MT5 example
BrokerMT5Your order

Review the order window and the broker's execution terms. A displayed price may change before execution.

DEMO ACCOUNT

What is a Market Order?

Practice with Virtual money. No live order is required.

  1. 1Open your demo account
  2. 2Choose a symbol
  3. 3Open the order window
  4. 4Find the relevant field
  5. 5Enter a practice value
  6. 6Review before submitting
09 / Key takeaways
  • Market means speed is prioritized.
  • The fill price is not always guaranteed.
  • Check broker execution details.
10 / Common mistake

Assuming the click price and fill price must always be identical.

Mini quiz

What does a market order prioritize?

Quiz progress is saved with this lesson when you mark it complete.