How can we help?
Browse the categories below to find what you need.
What is a market order?
What is a pending order?
What is the difference between market and pending orders?
What is a limit order?
What is a stop order?
What is a stop-loss order?
What is a take-profit order?
What is a trailing stop and how does it work?
How do stop-loss and take-profit orders work?
Can I modify or cancel an order after placing it?
How do I place a trade on MT4 or MT5?
How do I close a trade on MT4 or MT5?
Can I close a trade manually?
How do I modify an open position?
What happens when I close a trade?
Can I partially close a trade on MT4 or MT5?
Why was my trade closed automatically?
What is leverage in trading?
What is a limit order?
A limit order is a type of pending order that opens a trade at a better price than the current market price.
- Buy Limit: placed below the current price
- Sell Limit: placed above the current price
How it works
You set the price where you want to enter, and the trade is executed only if the market reaches that level.
When it is used
Limit orders are used when you expect the price to reverse after reaching a certain level.
undefined