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Would it be considered appropriate to use a market order for my very first stock trade?
Difference between a limit and market order is largely a trade-off between price certainty and timing certainty. If you think the security is already well priced, the downside of a limit order is the price may never hit your limit and keep trading away from you. You'll either spend a lot of time amending your order or sitting around wishing you'd amended your order.  The downside of a market order is you don't know the execution price ahead of time. This is typically more of a issue with illiquid instruments where even smaller orders may have price impact. For small trades in more liquid securities your realized price will often resemble the last traded price. Hope that helps. Both have a purpose, and the best tool for the job will depend on your circumstances.