What is order type limit?

A limit order is an order to buy (or sell) at a specified price or better. A buy limit order (a limit order to buy) can only be executed at the specified limit price or lower. Conversely, a sell limit order (a limit order to sell) will be executed at the specified limit price or higher. read more

A limit order allows precise order entry, and is appropriate if getting a specific price is more important than getting filled. A limit order is an order to buy or sell at a specified price or better. read more

A buy stop limit order is used to buy at a specific price or lower or within a range, while a sell stop limit is used to sell at a specific price or higher, or within a range. This combines elements of the basic stop and limit order types. Market if touched orders trigger a market order if a certain price is touched. read more

You can limit losses from slippage by using market orders only on instruments that trade with good liquidity. A market order is the most basic type of trade order. Order entry interfaces usually have “buy” and “sell” buttons to make these orders quick and easy. Image created with TradeStation. read more