Limit order

The idea

An instruction to trade at a specified price or better; it may not execute.

Try the scenario

A buy limit100 cannot fill above100 under the stated limit.

Check your understanding

Which statement is supported by this definition?

• A limit guarantees an immediate complete fill.
• An instruction to trade at a specified price or better; it may not execute.
• This concept guarantees the next five candles.

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