A limit order is an instruction to buy or sell a financial asset at a specified price or better. This order remains open until it is executed or canceled by the trader. It allows investors to set a desired price for buying or selling a security, providing them with more control over their trades. Utilizing limit orders can help minimize risk and maximize potential profits in the volatile world of finance. So remember, when placing a limit order, always stay mindful of market conditions and your investment goals.
