Forex forum Forex news Forex forum
Forex tutorial Forex brokers Contact us
  Tuesday th 24th

Limit Order

An instruction to deal if a market moves to a more favorable level (i.e. an instruction to buy if a market goes down to a specified level, or to sell if a market goes up to a specified level) is called a Limit Order. A Limit Order is often used to take profit on an existing position but can also be used to establish a new one.

EUR/USD is trading at 1.2713/16. You believe the Euro is going to strengthen, but think that EUR/USD will fall back to below 1.27 before it goes higher. You put on a Limit Order to buy EUR/USD 1´000´000.-- at 1.27. Your Limit Order is executed when EUR/USD is offered at 1.27.

Forex news - Forex calendar - Forex forum - Forex tutorial - Forex glossary - Forex brokers - Forex books - Forex links