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What Is A Limit Order? |
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Answer» A LIMIT ORDER is an order with restrictions on the maximum price to be PAID or the minimum price to be received. As an EXAMPLE, if the current price of USD/YEN is 117.00/05, then a limit order to BUY USD would be at a price below 117.05. (ie 116.50). A limit order is an order with restrictions on the maximum price to be paid or the minimum price to be received. As an example, if the current price of USD/YEN is 117.00/05, then a limit order to buy USD would be at a price below 117.05. (ie 116.50). |
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