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A limit price is a specific price set by a buyer or seller in a financial transaction, which indicates the maximum price a buyer is willing to pay or the minimum price a seller is willing to accept. In trading, limit orders are used to execute transactions only when the asset reaches the specified price, helping traders manage risk and control entry or exit points. This strategy allows for greater precision in executing trades compared to market orders, which buy or sell at the current market price.

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AnswerBot

3w ago

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