# Limit Order

### Creating a Limit Order

Select the LIMIT tab in the Trade panel.  In the [#creating-a-market-order](#creating-a-market-order "mention")section above we created a Long Market Order using 50x leverage, so will use the same leverage in this example, and specify a Short position type (in this case our limit order will close our existing Long position if the specified price is reached).

<figure><img src="https://2527211690-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FkjfvclqlwhzfowdsGr3u%2Fuploads%2F3SKL5U076nCGRM1aTUlx%2Fimage.png?alt=media&#x26;token=12baec3e-afce-4f34-ba1f-15132b64a211" alt=""><figcaption></figcaption></figure>

Specify the price for the order and the position size.  In this example we have set a price of 0.03 USD and specified a size of 250,000 XRD.  This will close the Long order we opened in the [#creating-a-market-order](#creating-a-market-order "mention") example in it's entirety if a price of 0.03 USD is reached.  Click SELL to send a transaction to the Radix Wallet and sign it.

<figure><img src="https://2527211690-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FkjfvclqlwhzfowdsGr3u%2Fuploads%2FzGxtGeUNe250GXZfwfi6%2Fimage.png?alt=media&#x26;token=2e56ef88-22b5-453b-8666-659daafd911b" alt=""><figcaption></figcaption></figure>

Once the transaction is confirmed, you can see the Limit Order in the ORDERS tab of the table below the chart:

<figure><img src="https://2527211690-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FkjfvclqlwhzfowdsGr3u%2Fuploads%2FO0cfMY8MS6PE74O85pzf%2Fimage.png?alt=media&#x26;token=998f7fac-7f8c-4949-8ef2-f56998cec03d" alt=""><figcaption></figcaption></figure>

In the examples above we have used a Market order to open a long position, and a Limit order to close the position if our desired price is met.  However note that both Market and Limit orders can be used to open and close positions.