Market order: Meaning in Gold Trading
An order to buy or sell immediately at the best available price.
I wrote this guide based on how I actually trade gold. No theory — just what works after 10 years.
Key takeaways
- Pending order · Slippage
Market order: An order to buy or sell immediately at the best available price.
A market order fills now, at whatever price is available. In fast markets it may fill a little away from the price you saw (slippage).
Use it when getting in matters more than the exact price. For a precise price, use a limit order.
Example: you click Buy at an ask of 4,100.30 during NFP and fill at 4,101.10: $0.80 slippage, $80 per lot.
Related
I don't predict. I prepare. Every trade I share here is placed with real money, in real time. No indicators, no noise — just price action and experience.
— Happy trading, Lin
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