Topic: Limit Order
Limit Order is an instruction in The Metatrader 4 feature that tells the broker to execute a trade for you in the future automatically.

While Market Order is Instant trade, Limit Order is a future trade.

Two (2) Limit Orders:
1. Buy Limit
2. Sell Limit

1. Buy Limit
It's the order or instruction to the broker to BUY a security or currency for you in the future when the price has gone low from the former price.

It is usually set below the Current Price of the security or currency. In the future, when the price comes low to your BUY LIMIT setting , it will trigger automatically and become an Instant trade of BUY.

2. Sell Limit
It's the order or instruction to the broker to SELL a security or currency for you in the future when the price has gone high from the former price.

It is usually set above the Current Price of the security or currency. In the future, when the price goes high to your SELL LIMIT setting , it will trigger automatically and become an Instant trade of SELL.

Next Topic: Stop Order

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