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Limit Order
Order TypesAn order to buy or sell at a specific price or better. A buy limit executes at the limit price or lower; a sell limit executes at the limit price or higher. Not guaranteed to fill.
Related Terms
Market Order
An order to buy or sell immediately at the best available price.
Stop-Loss
An order to exit a position when the price moves against you to a predetermined level.
Bid
The highest price a buyer is willing to pay for a security.
Ask
The lowest price at which a seller is willing to sell a security.