What is a market order?

Buy or sell your stocks at the current market quote in the financial market. Whenever you choose to trade based on either 'amount' or 'quantity,' it is done with a market order. When placing a market order, there is no need to specify a price or set an expiration time, as the order will be executed promptly at the current market price.

If you believe that a stock will quickly reach a level you find acceptable, consider using a 'limit order' to specify the buying or selling price of the stock.