What is a major disadvantage of using Limit Buy orders?

It puts a cap on potential profits

They only execute at the end of the day

Does not take market price into consideration

You may miss out on potential gains

Are Limit Buy Orders set above or below the market price?

Below

Above

Same price as market price

None of the above

Are limit sell orders placed above or below the market price

Below

Above

Same price as market

None of the above

What are Limit Sell orders used for?

Minimize losses

Risk-free trading

Maximize profits

Allows selling above the market price