Limit order

A limit order waits to trade at a price you name, or better, and never worse.

A buy limit sits below the current price and a sell limit sits above it. If price never reaches your level, nothing happens.

You control the price and give up the certainty of being filled. A market order is the opposite trade-off.

Related terms

Market orderStop order

A definition, not financial advice. Trading carries a risk of loss.

All 64 terms