Limit order: definition and meaning
A limit order buys or sells only at your chosen price or better.
Why it matters
It gives price control but may never fill if the market does not reach your price.
Related terms
- Market order
A market order buys or sells immediately at the best available price.… - Order book
An order book is a live list of buy and sell orders at different prices for a market.…
Guides that explain more
Educational content only, not financial advice.