Source: https://mochatrade.com/learn/glossary/market-order

# Market order
URL: https://mochatrade.com/learn/glossary/market-order
Last modified: 2026-10-17

A market order buys or sells immediately at the best price available. It always fills, but at the ask if you buy and the bid if you sell, never at the last price on the chart, and in a thin book it [walks through several price levels](https://mochatrade.com/learn/us-market-structure/how-us-stock-prices-form). [Mochatrade order types](https://mochatrade.com/support/order-types-available-on-mochatrade) list it next to the limit order [used in one full trade](https://mochatrade.com/learn/start-here/nvidia-trade-walkthrough).

## Related terms

- Limit order: https://mochatrade.com/learn/glossary/limit-order
- Slippage: https://mochatrade.com/learn/glossary/slippage
- Order book: https://mochatrade.com/learn/glossary/order-book
- Stop-limit order: https://mochatrade.com/learn/glossary/stop-limit-order
- Partial fill: https://mochatrade.com/learn/glossary/partial-fill
- Last traded price: https://mochatrade.com/learn/glossary/last-traded-price

Educational content only. Not investment advice. Leveraged products magnify losses as well as gains.