What is Limit Order?

Question

Accepted Answer

A **Limit Order** is an instruction to a broker to buy or sell a financial instrument, such as a currency pair in the FX market, at a specified price or better, providing traders with precise control over the execution price and mitigating the risk of adverse price movements or slippage.

Limit Order

What is Limit Order?

What is a Limit Order and how does it differ from a Market Order in FX trading?

How are Limit Orders used in hedging and risk management strategies in currency markets?

When should a trader use a Buy Limit versus a Sell Limit order, and what are the execution risks?

Why are Limit Orders crucial for arbitrage and optimizing transaction costs in high-frequency trading?

Learn More