| Limit Order | |
 An order placed with a brokerage to buy or sell a predetermined amount of shares at a specified price or better. Limit orders also allow an investor to limit the length of time an order can be outstanding before being canceled. |
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 Limit orders typically cost more than market orders. However limit orders are beneficial because when the trade goes through, you get your specified purchase or sell price. Limit orders are especially useful on a low-volume or highly volatile stock. |
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 The Basics Of Order Entry - Taking control of your portfolio means knowing when to use particular orders and if they pose added costs. Understanding Order Execution - The way in which your broker fulfills your orders can affect your costs. |
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