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Glossary
Limit order
Definition
Limit orders are commonly used to enter a market and to profit at predefined levels. When a limit order is triggered, it is filled as soon as possible at the price obtainable on the market.
Limit orders to buy are placed below the current market price and are executed when the ask price matches or is lower than the price level specified. (If the specified limit price is placed above the current market price, the order is filled instantly at the best available price below or at the limit price.)
Limit orders to sell are placed above the current market price and are executed when the bid price matches or is above the price level specified. (If the specified limit price is placed below the current market price, the order is filled instantly at the best available price above or at the limit price.)
Note that the price at which your order is filled may differ from the price you set for the order if the opening price of the market is better than your limit price. In the case of futures or CFDs, the order will be filled if possible, and any remaining volume will remain in the market as a limit order.
Limit orders to buy are placed below the current market price and are executed when the ask price matches or is lower than the price level specified. (If the specified limit price is placed above the current market price, the order is filled instantly at the best available price below or at the limit price.)
Limit orders to sell are placed above the current market price and are executed when the bid price matches or is above the price level specified. (If the specified limit price is placed below the current market price, the order is filled instantly at the best available price above or at the limit price.)
Note that the price at which your order is filled may differ from the price you set for the order if the opening price of the market is better than your limit price. In the case of futures or CFDs, the order will be filled if possible, and any remaining volume will remain in the market as a limit order.