> For the complete documentation index, see [llms.txt](https://lit.gitbook.io/lit-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://lit.gitbook.io/lit-docs/trading-guide/order-types/market-order.md).

# Market Order

## What is a Market Order?

The simplest form, an order that executes immediately at the current market price.

{% hint style="info" %}
Market Orders immediately fill to open a new position or reduce/ add-to existing.
{% endhint %}

## Place a Market Order

<figure><img src="/files/5tji5Gn4abCKErKzDRmV" alt=""><figcaption></figcaption></figure>

> In this example; a **Market Order** <mark style="color:green;">Long</mark> is placed on $HYPE with an accompanying [draft](/lit-docs/trading-guide/trade-on-chart/draft-orders.md) SL & TP through the **Trading Module**