Limit order: a convenient tool for traders

A limit order is one of the main tools for traders that allows them to buy or sell assets at a pre-set price. Unlike a market order, a limit order provides the ability to precisely control the transaction price, minimizing the risk of unexpected losses due to sudden market fluctuations. This tool is especially useful in conditions of high volatility when it is important to lock in a favorable price. However, it is important to remember that a limit order may not be executed if the market price does not reach the set level.