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.

Tip: Limit orders are available for wikifolios as well as for wikifolios of wikifolios!