What Is Limit Order?
An order to buy or sell at a specified price or better. Limit orders give you price control and lower maker fees, at the risk of not being filled if the market never reaches your price.
Related Terms
- Market Order An order that executes immediately at the best available price.
- Maker A trader whose limit order adds liquidity to the order book and waits to be filled.
Where You Will Meet This Term
You will run into limit order constantly on any futures exchange, from the order panel to the position dashboard. If you are still building your foundation, our guides on leverage, liquidation and risk management connect the vocabulary into an actual trading process, and the full glossary covers every other term you will encounter.