Qwoter Investment Advice
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Market Order

An order to buy or sell securities at the price given at the time the order reaches the market.

Buy or sell at the best available price immediately after reaching the trading post. It would be redundant to mark the order Good Till Canceled or to use qualifiers like Fill or Kill.

Additional Comments:

This can be different from the price on the broker's screen, depending on how fast the market is moving.

A market order is to be executed immediately at the best available price, and is the only order that guarantees execution.

Related Terms:

Good Till Cancelled
(GTC) - A GTC order authorizes the broker to buy or sell a position at a ...

Stop Order
A stop order is an order to buy or sell a stock once the price of ...

Immediate Or Cancel
(IOC) - Similar to the Fill or Kill (FOK) in that it has to be done ...

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