What is a market order?

A market order is an order type that executes immediately at the current available market price. It is useful for traders who prioritize speed, but during high volatility, the actual fill price may differ unfavorably. Market orders are most effective in liquid markets and are widely used for both entries and exits. While easy to use for beginners, traders should always be aware of potential slippage. MIM provides tools to ensure safe usage of market orders with effective risk management.