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GlossaryGeneral Trading
Limit Order
An order to buy or sell a financial asset at a designated price or better, ensuring strict price execution.
Detailed Definition
Unlike market orders that execute immediately at prevailing prices, a limit order guarantees that an asset will only be bought at or below the limit price, or sold at or above the limit price, protecting the trader against unwanted market slippage.
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Related in General Trading
CAGR (Compound Annual Growth Rate)
The geometric mean annual growth rate of an investment over a multi-year timeframe.
Liquidity
The ease with which an asset can be converted into cash without causing a substantial price impact.
Slippage
The difference between the expected execution price of a trade and the actual price at which it executes.