What Is Limit Order?
Definition and plain-English explanation of "Limit Order"
A limit order is an instruction to buy or sell a security at a specific price or better. A buy limit order will only execute at your specified price or lower. A sell limit order will only execute at your specified price or higher. Limit orders give you price control but don't guarantee execution if the market doesn't reach your price.
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Market Navigator Glossary — plain-English definitions of 93+ investing and crypto terms. All content is for educational purposes only and does not constitute financial advice.