An investor will instruct a broker to make a market order when they want to buy shares. Market orders are just like ordering at a fish market. You see the price of the fish and tell your broker the quantity you’d like to buy.
Market orders are executed as quickly as possible by the broker so the investor can get the best price. Even though you’ve submitted a market order, there’s no guarantee you’ll get all your order. This is because the availability of stock vary based on the timing and size of the order. Market orders also work for the selling of shares.
Tips and tricks
Double check if fractional trading is available. That way, if you’d like to buy a variety of shares, you have more flexibility when placing a market order.