Glossary

Limit order

An order to buy or sell at a specific price or better: a buy limit fills at the limit or lower, a sell limit at the limit or higher. It may never fill.

Orders around the market price A limit sell waits above the price at 52.00, a limit buy below it at 48.00. 52.00 Limit sell 52.00 48.00 Limit buy 48.00 50.00 MARKET

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