Limit Order
أمر محدد
A limit order is an instruction to buy or sell a security at a specified price or better — no higher than the limit for a buy, and no lower for a sell. The order rests in the order book until it is matched, cancelled, or expires. It guarantees the execution price but not that the order will be filled.
Example
You want a share currently at 25.00 but only at 24.50. A limit order at 24.50 waits in the book and executes only if a seller comes down to your price — otherwise it simply does not fill.
Why it matters
A limit order is how you control the price you pay, which matters most in an illiquid share where a market order can execute far from the last quote.
A common mistake
Setting a limit and forgetting it. An unfilled order is a decision still pending, and a limit left far from the market can execute months later under conditions you would no longer choose.