When buying or selling shares you need to place an order. A limit order means your order will be executed or filled for either no more or no less than the price you want.
For example, when buying with a limit order you set a limit on how much you are willing to pay for a share. Your order will not be filled unless there is a seller in the market willing to accept your order or take less than your maximum bid for a share.
The reverse occurs when you are selling, you can place a limit order stipulating the minimum you will accept for the sale of your share.
Please know, the value of investments can go up as well as down and you may receive back less than your original investment, meaning, when investing your capital is at risk.
Disclaimer: At Evarvest we believe in making investing and investment education more accessible, but we don’t provide investment advice and individual investors should make their own decisions. While we try our best, we cannot ensure the accuracy of the information we provide.
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