What are Limit Orders?
Ans: Limit Price is the best price at which you are willing to trade. In case of a Buy Order, Limit Price is the maximum price at which you are willing to buy. Your order will be executed at or below the price you indicated, provided a matching Sell Order is available. In case of a Sell Order, Limit Price is the minimum price at which you are willing to sell. Your order will be executed at or above the price you indicated, provided a matching buy order is available.
Related Questions
- Why will complying with the FIFO rule require that I lose the ability to place stop-loss and limit orders as well as the ability to close positions from the Open Positions window?
- A supplier is suggesting that, for orders between the Identified User Call-up Limit and $400K, PWGSC must process the order as an Elevated Call-up. Is this correct?
- Are stop loss and limit orders executed at the prices specified?
