A limit order specifies a maximum price you will pay (for a buy) or a minimum price you will accept (for a sell). It only executes if the book reaches your level. Limit orders guarantee price but not execution — they can sit on the book unfilled indefinitely.
Limit orders are passive: they 'rest' on the book waiting for someone to take the other side. This makes them 'maker' fills on most exchanges, which charge lower fees (sometimes negative — you get paid to provide liquidity).
Limit orders are the right tool when price matters more than fill certainty: entries at specific structural levels, partial profit-takes, and rebate-harvesting strategies. They are the wrong tool when missing the move is costlier than the spread saved.
Beispiel
BTC trading at 50,200. Place a limit buy at 50,000. The order sits on the book and only fills if price comes down to 50,000 or below.
Wie Noon Barbari Limit order nutzt
Jedes Konzept hier ist in der Plattform umgesetzt. Öffne die entsprechenden Docs oder das Tool, um es in Aktion zu sehen.
Order types in the designer →Verwandte Begriffe
- Orderarten
Market order
An order to fill immediately at the best available price. Pays the spread.
- Orderarten
Stop order
An order that converts to a market order once a trigger price is reached.
- Orderarten
Stop-limit order
Stop order that converts to a limit order, not a market — avoids bad slippage.
- Orderarten
Iceberg order
A large order shown to the book in small slices to hide total size.