什么叫限价委托？

中文版：

限价委托，又称为限价订单或限价交易，是投资者在股票、期货等金融市场中常用的一种交易委托方式。当投资者希望以特定的价格或更好的价格进行买卖时，就会选择使用限价委托。

在限价委托中，投资者会明确指定一个愿意接受的价格，即限价。对于买入委托，限价是投资者愿意支付的最高价格；对于卖出委托，限价则是投资者愿意接受的最低价格。当市场价格达到或优于投资者设定的限价时，委托就会被执行。

限价委托的主要优势在于，它给予了投资者更多的控制权。通过设定限价，投资者可以确保自己的交易在理想的价格范围内进行，避免了市场价格的突然变动带来的风险。然而，限价委托也存在一定的风险，即如果市场价格始终未能达到投资者的限价，那么委托可能无法成交。

此外，限价委托还有助于稳定市场。当大量投资者使用限价委托时，市场价格的变动会变得更加平稳，减少了市场的波动性。这对于维护市场的公平性和透明度具有重要意义。

英文版：

What is a Limit Order?

A limit order, also known as a limit price order or limit trade, is a commonly used trading order type in stock, futures, and other financial markets. Investors choose to use limit orders when they want to buy or sell at a specific price or better.

In a limit order, investors specify a specific price they are willing to accept, known as the limit price. For buy orders, the limit price is the highest price the investor is willing to pay; for sell orders, it's the lowest price they are willing to accept. The order will be executed when the market price reaches or improves upon the investor's specified limit price.

The primary advantage of a limit order is that it gives investors more control. By setting a limit price, investors can ensure that their trades occur within their desired price range, mitigating the risk associated with sudden market price movements. However, there is also a risk associated with limit orders, as they may not be executed if the market price never reaches the investor's specified limit.

Moreover, limit orders contribute to market stability. When a large number of investors use limit orders, market price movements become more gradual, reducing market volatility. This is crucial for maintaining market fairness and transparency.