What is limit order?
As per FINANCIAL INFORMATION EXCHANGE (FIX) protocol A limit order is an order to buy a security at no more than a specific Price (can be bought lower price) or sell at not less than a specific price (can be sold at higher price). This gives the customer some control over the price at which the trade is executed, but may prevent the order from being executed. a limit orders can be executed at on price or better price.
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