#OrderTypes101

"A limit order is a type of order that allows traders to specify the exact price at which they want to buy or sell a security. When a limit order is placed, it is only executed if the market price reaches the specified limit price or better. This type of order provides traders with more control over their trades, as they can set the maximum price they are willing to pay or the minimum price they are willing to sell for. Limit orders are particularly useful for traders who want to avoid paying too much or selling for too little, and can help to reduce trading costs and improve overall trading performance."