## Master the Limit Order: Your Tool for Precise Trading
If you're a trader looking to execute exact trades without surprises of unfavorable prices, the limit order is your ally. It is an instruction you give to your broker to buy or sell an asset only when it reaches a specific price set by you. Unlike market orders that are executed instantly at the current price, the limit order gives you full control over your entry and exit points.
### How does a limit order actually work?
The mechanism is simple but powerful. When you set a buy limit order, you specify a price below the current market pr
View OriginalIf you're a trader looking to execute exact trades without surprises of unfavorable prices, the limit order is your ally. It is an instruction you give to your broker to buy or sell an asset only when it reaches a specific price set by you. Unlike market orders that are executed instantly at the current price, the limit order gives you full control over your entry and exit points.
### How does a limit order actually work?
The mechanism is simple but powerful. When you set a buy limit order, you specify a price below the current market pr