Glossary
Limit order
An instruction to trade only at a stated price or better. It may not fill at all, which is the price of controlling the price.
See also
Market orderAn instruction to trade immediately at whatever price is available. It always fills, and what it fills at depends on the book.
Stop-lossA resting instruction that becomes an order once a trigger price is reached. It limits how much a position can lose, assuming there is liquidity at that moment to fill it.
Last checked 19 Oct 2026.