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Elaborate how how limit orders work

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A breaking point request is a kind of request to buy or sell a security at a predefined cost or better. For purchase limit orders, the request will be executed exclusively at the cutoff cost or a lower one, while for sell limit orders, the request will be executed exclusively at the breaking point cost or a higher one. This expectation permits brokers to more readily control the costs they exchange..

Elaborate how How Limit Orders Work.

Reference no: EM133246006

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