---
title: What is a Limit Order?
description: "A limit order is an order to buy or sell a financial instrument at a specific price, higher than the current market price for 'sell' and lower than the current market price for 'buy'."
url: "https://ms.wmmarkets.com/knowledge-base/trading/what-is-a-limit-order/"
updated: "2024-10-09"
category: Trading
---

# What is a Limit Order?

A limit order is an order to buy or sell a financial instrument at a specific price, higher than the current market price for 'sell' and lower than the current market price for 'buy'.