FOREX CHANNEL > Forex glossary > Limit Order
*Japanese Limit Order
Forex dealing
 
Limit Order


A kind of orders regarding to condition. Different from a stop loss order, a player could buy a lower price than the current level or could sell a higher price using this limit order. Usually this order is useful in case of profit-taking.
 
Terms in Trading

Ask*|* Bid*|* Day order*|* Done*|* Either*|* Firm price*|* Given*|* GTC*|* Hit*|* If done*|* Join*|* Limit order*|* Line full*|* Mine*|* My Risk*|* Nothing done*|* OCO*|* OFF*|* Offer*|* Paid*|* Pay*|* Pips*|* Point*|* Single order*|* Stop loss orders*|* Take the offer*|* Taken*|* Your Risk*|* Yours*|*

 

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