# Limit Orders
Limit Orders ensure asset trades occur at predetermined prices. Unlike Swaps, they don't require immediate execution, offering flexibility in volatile markets. This feature is valuable for:
* Protecting assets from unfavorable price movements
* Managing large trades with reduced risk
* Executing complex trading strategies agreed upon by team members
Limit Orders eliminate surprises and failed executions, making them an ideal tool for enterprises managing substantial assets in dynamic market conditions.
## How to place Limit Orders directly from your Squads account:
The Squads trading dashboard enables seamless trading of assets via Limit Orders.
1. Go to the "Trading" section from the navigation bar on the left of the Squads app.
2. Select the “Limit Order” tab and choose the account from which you want to place the Limit Order.
"Limit Order" tab
3. Select the pair you wish to trade (e.g. SOL for USDC) and the amount. Click the “Next” button.
4. Review your transaction by checking the tokens, amounts, limit price, and expiry. Click the “Initiate” button to launch the transaction.
Once the transaction reaches the confirmation threshold and is executed, the Limit Order will be open and filled as soon as the set price is reached.
You can view the price of the token-pair you are trading (e.g. SOL-USDC) on the right-hand side of the “Trading” page.
{% hint style="info" %}
A 0.25% fee is incurred for every Limit Order placed from the Squads app.
{% endhint %}
{% hint style="warning" %}
If you trade a token that hasn't been deposited into your Squads account before, you will require at least 0.003 SOL in your account. This amount covers the cost of creating an [ATA](https://spl.solana.com/associated-token-account) for the newly deposited token.
{% endhint %}
## How to manage open Limit Orders:
Once executed through your Squads account, your order appears in the "Open Position" section—providing a clear overview of all orders and their details. You can cancel unfilled orders at any time or expand any position to view detailed token charts.
"Open Position" section
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