# Margin Trading

A limit order is an order with a specific buying or selling price. Unlike market orders, where transactions are executed instantly at the current market price, limit orders allow you to control it. So to place a limit order, you must set a minimum or maximum price at which you want to buy or sell an asset.

On TheTrade, the execution of a limit order occurs automatically, eliminating the need for users to monitor the market around the clock.

However, there is no guarantee that a placed limit order will be filled because the market price may never reach the preset value.

As a rule, a limit order can be placed for up to several months. Our features include several options for limit orders - Buy Limit and Take Profit.

Buy Limit is a type of limit order that is used for the pending purchase of an asset at a price below the current market price.

Take Profit is a type of limit order that is used in anticipation of selling an asset at a price higher than the current market price.

The order is executed when the market price enters the range of liquidity you provided. Your liquidity will be transferred from the zero asset to the first and back, depending on the type of limit order (for example, ETH(0)-DAI(1)). For this transaction, the user is charged ETH in advance for the execution of the order. It depends on the price of gas.
