Future order - limit
Limit order - is a trade which allows a transaction to be performed at a better price than the current market price.
For example: Let's assume that the market price for the currency pair EUR/USD currently stands at 1.3500. The trader expect the Euro to rise up to 1.4 in the long term, but in the short term the trader believes that the value of the Euro will decrease and is therfore not interested in buying the Euro at the current price of 1.3500, but rather wants to wait for a small screase, until 1.3300 and then buy at a lower price.
The limit order will be executed only when the price falls to 1.3300 - in condition that the exchange rate reaches this value, or course.
Whats Next?
* Future order - stop
Or go back to the education index
For example: Let's assume that the market price for the currency pair EUR/USD currently stands at 1.3500. The trader expect the Euro to rise up to 1.4 in the long term, but in the short term the trader believes that the value of the Euro will decrease and is therfore not interested in buying the Euro at the current price of 1.3500, but rather wants to wait for a small screase, until 1.3300 and then buy at a lower price.
The limit order will be executed only when the price falls to 1.3300 - in condition that the exchange rate reaches this value, or course.
Whats Next?
* Future order - stop
Or go back to the education index
