Market Order – you buy or sell at the current market price. Trades are made at the current best price, and you receive as many stocks as are currently available in the market. Then, when volume at one price runs out, you receive the remaining stocks at the following available prices.
Pros
• easy to place;
• speed of execution.
Minuses
• impossible to cancel;
• if the transaction volume is large and there is insufficient supply on the market, you risk receiving stocks at unfavorable prices.
How to place the order?
1. Login to the Freedom Broker platform and open a security session.
2. Find the required security for which you want to make a transaction.
3. Click "Trade", then indicate the party to the transaction ("Buy" or "Sell") and the required number of stocks in the Order window.
4. Retain the Market price.
5. Click "Place the Order".
6. Done! The order is sent for execution to the exchange and will be executed at the best market prices available at the moment.
