A market order swaps speed for precision. The SEC sums it up: executionExecutionHow the broker turns an order into a real fill: speed, routing, and the price you actually get.Click the word to learn more is guaranteed, the execution price is not. The order will fill, and it will fill fast. The exact price might drift a hair from what you saw on the screen when you clicked. That drift is slippageSlippageThe gap between the price you asked for on an order and the price the broker actually filled it at.Click the word to learn more, and it can go either way.
This is the order typeOrder TypeThe instruction sent to the broker that tells it how and when to fill an order.Click the word to learn more for moments when getting in matters more than the tick. Major news prints, session opens, fast exits when a setup is invalidated and you need out. Anywhere waiting a couple of seconds for a better price costs you more than just taking the positionPositionA single entry held on the broker account, with a direction, a size, and a current floating result.Click the word to learn more now.
Algorithmic strategies use market orders the same way a discretionary investor would: when the timing is doing the heavy lifting. A trend continuation signal that has already started running. A breakoutBreakoutAn approach that enters once price crosses a defined level, riding the move that follows.Click the word to learn more happening right now, not three pips from now. A stop lossStop LossAn exit order that closes a losing position the moment a chosen price level is hit.Click the word to learn more that has just triggered, and the only thing left is to fill it.
Javlot routes market orders to the broker without any added pause. The fill that lands in the broker history is the actual fill, slippage and all. Nothing is held back to make a fill look prettier than it really was. The number on the strategy page is the number on the broker statement.