Limit Order (Forex)

Limit Order (Forex)

Is an order used to buy or sell currency pairs above or below the current market price. Limit orders in forex are frequently used to buy or sell breakouts above/below significant resistance levels/support levels.

Main advantage of using limit orders in forex.

A currency trader isn't required to monitor the market in real-time, all orders are placed in advance.

Suggested Further Readings

How to Place a Market Order in the Forex Market

Leading Forex Brokers & FDM's

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