A market order is a common order execution strategy. A market order is an order to either buy or sell an asset immediately. A market order will require a direction and quantity to trade. This order will execute at the best available price in the market based on the market’s current order book. Unlike a limit order, the trader in a market order cannot specify the price they hope to trade the asset at. A market order will always be a taker order because it results in immediate execution.
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