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What is a Limit order and how do I place it?

Your strategy may require you to take profits at a certain point. Limit orders execute similarly to Limit entry orders, but get you out of the market, rather than in. Limit Orders guarantee the specified price (or better), but not execution.

To place a Limit order in Trading Station, please follow the steps below:

  1. From the Dealing Rates window, left click on the Sell or Buy price for the symbol you want to trade.
  2. The Create a Market Order window will appear with all the details for the pending market order.
  3. Click on the Advanced button.
  4. Check the Limit box and enter a Rate.
  5. Click OK

FXCM VIDEO LIBRARY How to Create a Limit