What is a limit order?

A limit order is an investor's instruction to buy or sell a security at a specific price or better. For a buy limit order, the purchase is executed at the limit price or lower. For a sell limit order, the sale is executed at the limit price or higher. This type of order provides control over the price at which the trade is executed. read less

A limit order is an instruction from an investor to buy or sell a security at a specific price or better. Unlike a market order, a limit order allows investors to set a price at which they are willing to trade, providing more control over the execution price. However, there is no guarantee of immediate execution, as the order will only be filled if the market reaches the specified limit price. read less