Limit Order (LMT)

Definitions

1, An order type that is to be filled at a specified price or better. A limit buy order is placed at or below market price, while a limit sell order is placed at or above the current market price.

2, An order to buy or sell a foreign currency against another at a specific price. As opposed to a market order, limit orders might not be filled if the market moves away from the specified price.

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