Market orders enable traders to quickly execute trades at current market prices, making them ideal for those who prioritize speed and immediate execution over price precision. They are particularly useful in fast-moving markets like cryptocurrencies where every second counts in catching a price spike.
While market orders are straightforward and can be executed almost instantly, traders should be aware of potential slippage in volatile markets, especially when trading with large amounts, as the execution price may not match the expected price due to rapid price changes.
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