Welcome, Guest

Login Register
General questions What does limit orders do?
avatar deboroks
Question by: Romer0 - 23 Jul 2012, 09:13:24
What does limit orders do?
<a href="https://www.instaforex.com/?x=YOUR_PARTNER_LINK">InstaForex</a>
<a href="https://www.instaforex.com/?x=YOUR_PARTNER_LINK">InstaForex</a>
<a href="https://www.instaforex.com/?x=YOUR_PARTNER_LINK">InstaForex</a>
Answers (1)
avatar user 362
Answer by: AccountGuru - 23 Jul 2012, 09:16:04

Limit orders are designed to take gains on a position by closing it out at a predetermined price. For a long position, a limit order is placed above the current price. If a trader holds a short position, then a limit order will be placed below the current price.

&lt;a href="https://www.instaforex.com/?x=YOUR_PARTNER_LINK"&gt;InstaForex&lt;/a&gt;
Answer the question
Submit Cancel