Limit Order

What it means

A limit order gives the trader price control by specifying the maximum buy price or minimum sell price they will accept.

What to watch

Price control also means execution risk. The market may move away without filling the order.

Where traders usually run into this

Limit Order is most useful once it is tied to a concrete page, chart decision, or workflow question.

• Market Order keeps this term attached to a real glossary instead of leaving it as standalone jargon.
• Stop-Limit Order keeps this term attached to a real glossary instead of leaving it as standalone jargon.
• Commission and Slippage Calculator keeps this term attached to a real tool instead of leaving it as standalone jargon.

Best next page if this term is blocking you

If you understand the definition but still do not know what to do with it, start with Commission and Slippage Calculator. That page is the fastest way to see how limit order shows up in a real tool workflow.