Features Of, Types: Limit Orders
Entry limit sequences to sell with a boundary expense fix analogous to, or beneath, the contemporary commerce bid price.
Limit sequences are one of the major orders that each trader have to enquire about because they are great for entering or exiting a position. When sellers are convinced about their perspectives of the commerce, they can use a limit order to make a lot of finance. Since this would simply be executed if the conditions are met, there isn't a possibility of the trader losing, assuming that the decided price has been place after careful deliberation.
Inversely, constrain or take - profit orders have to not be positioned for the time being from the new vending price that it represents an unrealistic move in the rate of the currency pair.