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WHAT IS A LIMIT ORDER?

WHAT IS A LIMIT ORDER?

Limit orders are placed when you are only willing to enter a new position at a specific price. The order will only be filled if the market trades at that price. A buy-limit order is an instruction to buy the currency pair at the market price once the market reaches your specified price or lower; that price must be lower than the current market price. A sell-limit order is an instruction to sell the currency pair at the market price once the market reaches your specified price or higher; that price must be higher than the current market price.

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