Limit Order – Forex Economic Dictionary

Forex Economic Dictionary
Economic Dictionary

Limit Orderorder to buy or sell a given amount of currency or shares of set price or a better one. Besides, limit orders allow an investor to confine the length of time for which an order can be outstanding before being canceled. Regarding the direction of the position, limit orders may be defined as a buy limit order, or a sell limit order. They usually cost more than market orders. However, limit orders remain very beneficial.

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