Limit Order

An order to execute a transaction at a specified price (the limit) or better. A limit order to buy would be at the limit or lower, and a limit order to sell would be at the limit or higher. This order type is used when the trader expects the market to retreat before advancing (for Buy Limit) or to advance before retreating (for Sell Limit). Another way of using the limit order in an open trade is to set a profit target so that once the trade reaches the Limit target, the trade is automatically closed in profit.

By |2018-09-04T14:34:46+00:00September 4th, 2018|0 Comments

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