Series 65: 7.1.5.1.2. Limit Orders

Taken from our Series 65 Online Guide

7.1.5.1.2. Limit Orders

A limit order is an order to buy or sell a security at a specific price or “better.” Buy limit orders mean buy at a specific price or lower (a lower price is better for a buyer); sell limit orders mean sell at a specific price or higher (a higher price is better for a seller). Buy limit orders are typically used when an investor wants to buy at a lower price than the market price and is thus waiting for the market to come down to the limit price. Sell limi

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