Limit orders: What is a limit order?
What is a limit order?
A limit order is used by the trader to buy or sell a certain number of securities at a specified or better price. Each limit order has a certain validity period during which the order can be executed.
The permitted period of validity is 1 to 90 days and can be chosen freely. The default setting in the trade view on wikifolio.com is 30 days.