Limit Order

Definition

An order to buy or sell a security at a specific price or better.

Visual Reference

Example

Traders apply Limit Order to identify entry and exit points in markets.

In Practice

Also known as: Price Order. Closely related to Market Order, Stop Loss. Contrasts with Market Order.

Word Usage

Precise entry/exit; Cost control; Trading

Use Case

Applied in Trading & Technical Analysis contexts: Precise entry/exit; Cost control