A market order is an instruction to a broker to buy or sell a stock or other asset immediately at the best available current price.

Market orders execute a trade immediately at the best available price, whereas a limit order only executes when the market trades at a certain price.

A market-if-touched (MIT) order is a conditional order that becomes a market order when a security reaches a specified price.

An order-driven market is where buyers and sellers display their intended buy or sell prices, along with amounts of a security they wish to buy or sell.

A market-with-protection order cancels a market order to buy or sell an asset and re-submits it with a price limit that protects the trader.

Taking control of your portfolio means knowing what orders to use when buying or selling stocks.

A market-on-close (MOC) order is a non-limit order that is executed as close to the end of the market day as possible.

A market-on-open order is an order to be executed at the day's opening price.

Learn about the differences between buy limit and sell stop orders along with the purposes each one is used for.

"Above the market" refers to an order to buy or sell at a price higher than the current market price.