A limit order is an instruction to buy below or sell above the current price — you set the exact price and the trade only fills if the market reaches it. It gives you price control but no guarantee of execution if price never touches your chosen level.
Forex Term
Limit Order
An order to buy below or sell above the current price.
Example
Setting a buy limit at 1.1000 while price is 1.1050 only fills if the market falls to 1.1000.
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Trading Forex and CFDs involves a significant risk of loss.
Risk
Forex and CFD trading involves significant risk of loss and is not suitable for all investors. Leverage can work against you. This content is educational and not financial advice — always do your own research.