## What Is a Limit Order? Essential Trading Tips for Beginners
What exactly is a limit order? Many new traders still find this concept a bit unclear. Simply put, a limit order is when you set a target price to buy or sell in advance. The trade will only execute automatically when the market price reaches your specified price.
Compared to a market order (which executes immediately at the current price), a limit order gives you more control. You’re not passively accepting the market price but actively setting your own. This is especially useful for traders who want precise cost control and seek
View OriginalWhat exactly is a limit order? Many new traders still find this concept a bit unclear. Simply put, a limit order is when you set a target price to buy or sell in advance. The trade will only execute automatically when the market price reaches your specified price.
Compared to a market order (which executes immediately at the current price), a limit order gives you more control. You’re not passively accepting the market price but actively setting your own. This is especially useful for traders who want precise cost control and seek