Limit Order

A limit order, or ‘price order’, is an order to buy or sell at a specified price, or better. For the trader placing a buy limit order this amounts to a price placed at or below the market price. Counter to this, the sell limit order translates to, at or above market price. Hence the buyer and seller set limits of price protection.

Though keep in mind that just because specified price is encountered in the market does not mean that the order will go filled. Many times they don’t due to fleeting activity, their order of execution behind market orders and possibly for other reasons.

• Market Order • Market If Touched • Stop Order • Stop Close Only • Stop Limit • Fill Or Kill	• Market On Open • Market On Close • Good Til Cancelled • Straight Cancel Order • Cancel Replace Order
Types of Commodity Orders