Limit Order

     A Limit order is a type of instruction given to a broker (person or platform) to execute a trade only at a specified price or better. The Limit order adds flexibility in planning a trading strategy by guaranteeing the price of a trade, however, it does not guarantee the filling of the order (price is not guaranteed to venture in that direction). 

   In the case of a BUY limit order, the price will be hit at or below the threshold; in the case of a SELL limit order, the price will be hit at or above the set threshold.

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