Smoovetrade Posted May 11, 2019 Report Share Posted May 11, 2019 Limit Orders This is an order placed to either buy below the current market price or Sell above the market price. For example, if the current price for EURUSD is 1.1086 and you feel that the market will fall down once the price gets to a higher price of 1.900, you can place a Sell Limit order at 1.900. The broker will open a Sell order for you once the price gets to 1.900, and if the price falls down according to your prediction, you will make profit. So you place a Sell limit order above the current price, and a buy limit order below the current price. I Limit orders mostly and Forexchief broker is always fast in execution, there are no slippages. You will make more profit if you know how to enter the market even when you are not with your computer. The Forex broker will open the trade for you and close it when there is profit or loss. Link to comment Share on other sites More sharing options...
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