This article is for clients using the Kraken Pro site (pro.kraken.com)
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What does limit price mean?
The limit price is the price at which you want a limit order to be fulfilled or better.
- A limit order buy can only be executed at the limit price or lower.
- A limit order sell can only be executed at the limit price or higher.
The price you set for limit orders depends on how quickly you want the order to fill and on your opinion about where price will be in the future.
If you are willing to wait and think that price will move in your favor in the future, then just set the limit buy or sell price to where you think price will move in the future.
If you want the limit order to fill as quickly as possible, look at the current order book to determine your limit price. You can find the order book under the "Order book" widget.
The decimal and thousands separators shown in this article may differ from the formats displayed on our trading platforms. Review our article on how we use points and commas for more information