# Limit

<mark style="color:green;">**Limit Orders**</mark> are a specific type of order that allows you to set a **fixed price** at which you want to open a <mark style="color:green;">**Long**</mark> or <mark style="color:red;">**Short**</mark> position.Unlike [market](https://docs.easyx.trade/easyx/start-trading/or-easyx-guide/creating-a-trade/market "mention") **Orders**, which execute immediately at the current market price, <mark style="color:green;">**Limit Orders**</mark> provide you with more precise control over the price points of your trades. &#x20;

<figure><img src="https://2409618720-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FLeVxYGMCSgN2gnHGcfCk%2Fuploads%2FFK2eB2P7ykHICe0QZMuw%2Fimage.png?alt=media&#x26;token=b5c76e50-3974-4499-860d-bd2e0d4469b9" alt=""><figcaption></figcaption></figure>

Please note that <mark style="color:green;">**Limit Orders**</mark> may take longer to complete compared to [market](https://docs.easyx.trade/easyx/start-trading/or-easyx-guide/creating-a-trade/market "mention") **Orders,**  because they wait for the specified price to become available in the market.

{% hint style="success" %}
When using <mark style="color:green;">**Limit Orders**</mark>, you should monitor the [orders](https://docs.easyx.trade/easyx/start-trading/or-easyx-guide/orders "mention") tab to stay informed about any pending orders. This way, you can evaluate whether you still wish to proceed with those orders based on changing market conditions.

Remember, you have the flexibility to <mark style="color:orange;">**cancel**</mark> an unfilled order at any time if you decide not to proceed with it.
{% endhint %}