# Limit Order

*Markets & Instruments — Finicade finance glossary*

An order to trade only at a set price or better, rather than immediately at whatever's available (a market order). It controls the price you get, at the risk of never filling if the market moves away.

**Related terms:** [Bid-Ask Spread](https://finicade.com/glossary/bid-ask-spread), [Market Maker](https://finicade.com/glossary/market-maker), [Liquidity](https://finicade.com/glossary/liquidity)

**Taught in:** Order Flow — Limit Orders & Market Orders

Source: https://finicade.com/glossary/limit-order