Getting started
What is market order?
An instruction to buy or sell immediately at whatever price is available.
Explained in more detail
It almost always executes, and you do not control the price. In a heavily traded share the difference is negligible. In a thin one, or during a fast move, you can get a noticeably worse price than you saw.
An example
For instanceUseful when getting the trade done matters more than the exact price.
Why this matters to you
You will meet this word in broker apps, company results and market news. Knowing what it means is not the goal on its own. The goal is being able to judge whether a number is good or bad for the investment you are actually holding.
On AlphaVik, any time market order appears in a view or a lesson, you can hover or tap the word and this explanation comes with it. You never have to leave the page to look something up.