Hard limiting is a crucial part of getting max loudness from a track... to understand hard limiting is to understand compression.. any compressor being used with a ratio 10:1 or greater becomes a limiter.. Hard limiting means that the transients are completely cut off above the threshold.. so you can put a limiter on your master and set the threshold at -.03 - -.05db which is approx. the industry standard these days.. That will get the track as close to zero as possible without clipping...
HOWEVER!!!
Limiting is not the ONLY filter/effect that belongs in a mastering chain.. Prior to a limiter you're almost always going to have at least a multiband compressor and eq in order to give the song the tonal balance necessary to be able to limit it correctly.. if the song isn't mixed correctly and if the individual tracks aren't compressed and eq'd properly than putting a limiter on the master will just make it sound worse... loud and noisy.. so just understand that each stage of mixing or mastering is dependant on each other stage in the mix being correct..
A big tip here is to use two limiters instead of just 1.. dial down each one by half of the usual setting of one.. so that together they equal the overall goal.. this will improve the quality of the limiting and prevent any one limiter from working too hard and becoming less effective..
Hope that helps.. as always if you have other questions..
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