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Forex Trading What is a Buy Limit order?
avatar mike
Question by: mike - 11 Jun 2012, 07:57:40
What is a Buy Limit order?
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Answers (2)
avatar user 286
Answer by: lily - 12 Jun 2012, 03:06:23

It is an order to purchase a security at or below a specified price. A buy limit order allows traders and investors to specify the price that they are willing to pay for a security, such as a stock. By using a buy limit order, the investor is guaranteed to pay that price or have a better deal, meaning that he or she will pay the specified price or less for the purchase of the security.

While the price is guaranteed, the filling of the order is not. In other words, if the specified price is never met, the order will not be filled and the investor may miss out the trading opportunity.

avatar user 5959
Answer by: Henry - 05 Jun 2015, 05:27:31

An order to a broker to buy a specified quantity of a security at or below a specified price.

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