At Limit

An order by a trader to a broker to fill a long trade at a price that is below the current market price or to fill a short trade at a price that is above market price. The expectation is that prices will move against the trader’s expectation for the asset before turning in the direction of the trader’s expectation, and so an ‘at limit’ order reduces the level of draw down the account would have experienced if the order is filled at market price. An ‘at limit’ order is a pending order.

By |2018-09-04T14:05:07+00:00September 4th, 2018|0 Comments

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