Investing Hacks: Market Orders Help Trade with Immediacy
Mastering order types potentially allows you to buy or sell your favorite stock faster without keeping an eye on the market.
You might think it's too complicated to understand a dozen different types of orders. Don't worry! Moomoo Learn will explain these different order types.
Market Orders: These are orders to buy or sell a security at the current best available price. Generally, this type of order will be executed immediately, but the price is not guaranteed.
A market order can quickly match a bid or ask price.
For example, if you want to buy 500 TUTU shares and an investor sells 500 TUTU shares at $50, the order can be executed immediately.
For example, if you want to buy 500 TUTU shares and an investor sells 500 TUTU shares at $50, the order can be executed immediately.
They can generally be executed as quickly as possible at the current bid or ask price.
Price is not controllable and more volatile.
Learn More about the Difference between Limit Orders and Market Orders
The main difference between a market order and a limit order is that a limit order can be filled at a specific price or better whereas market orders don't guarantee a specific price, but typically ensures an execution. Limit orders are less likely to be filled when compared to market orders since the market price may never reach the limit price.
The main difference between a market order and a limit order is that a limit order can be filled at a specific price or better whereas market orders don't guarantee a specific price, but typically ensures an execution. Limit orders are less likely to be filled when compared to market orders since the market price may never reach the limit price.
What are Limit Orders? You can look back on this >> Taking Control of Your Trades with Limit Orders
Demystifying the practical order types, Moomoo Learn will talk about Stop-Loss Orders in the next article.
Cannot wait? Check out a featured course: How to Use Order Types.
Cannot wait? Check out a featured course: How to Use Order Types.
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Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Kelvin Dandridge : Great info
tomod6889 : nice
SSS AhHuatKopi SSS : Just be cautious when placing a mkt order when the spread is huge !
71835085 : ty
向往成功 : It was helpful.
Moomoo Learn OP 向往成功 : Happy to hear that.
Moomoo Learn OP SSS AhHuatKopi SSS : Appreciate your sharing.
Moomoo Learn OP Kelvin Dandridge : Your support is our long-term motivation.