What is the difference between a limit order and a touch order?

A limit order is an order that must be executed at a limit or better. When placing a limit order, the client must specify the specific price level. It is characterized by the fact that it can be transacted according to the customer's expectations**, and the transaction speed is relatively slow, and sometimes the transaction cannot be completed.

A touch order is an order that takes effect whenever the market touches a level specified by the client. A buy or sell action is executed when the market touches the specified amount.

The price touch order refers to the fact that the client determines a good **, when the market **reaches the agreed **, the instruction is specially designed for the market order (the market order refers to the broker at this time to help the client buy **, not necessarily agreed in advance**, because the pre-agreed ** may be too competitive to buy, then the purpose at this time is to be able to buy rather than to buy in the agreed **), the limit order refers to the purchase according to the ** agreed by the principal in advance, that is, the ** can only be less than or equal to the agreement ** Of course, the ** may not be able to buy, and when it can't be bought, the transaction fails.

I think that a limit order can only generate a trade if it reaches that **, and then the ** of the trade is the ** you specify.

The MIT is to start executing this order after reaching the level of formulation, and then convert it into a market order, and finally trade in the next possible ** according to the requirements of the market order, and the ** of the transaction may be higher than your designation**, or it may be lower. (I've been struggling with this for a long time.)