Limit
Last updated
Last updated
Limit Orders are a specific type of order that allows you to set a fixed price at which you want to open a Long or Short position.Unlike Market Orders, which execute immediately at the current market price, Limit Orders provide you with more precise control over the price points of your trades.
Please note that Limit Orders may take longer to complete compared to Market Orders, because they wait for the specified price to become available in the market.
When using Limit Orders, you should monitor the Orders tab to stay informed about any pending orders. This way, you can evaluate whether you still wish to proceed with those orders based on changing market conditions.
Remember, you have the flexibility to cancel an unfilled order at any time if you decide not to proceed with it.