Limit orders are used to specify a maximum or minimum price the trader is willing to buy or sell at. Traders use this order type to improve their entry/exit price, however they do not guarantee execution as there is a chance the market may not reach the limit order level.
Limit order is the second option in ‘Order Type’ drop-down menu.
You need to fill the Amount of asset you are willing to trade as well as the Limit price. Limit price must always be lower than highest Bid for Buy orders and higher than lowest Ask for Sell orders Please note that the system will warn you if the order is too high or too low.
To complete the order you have to choose Order Duration. You have two options - GTC (good till cancelled) and Day order (system will show you how many hours remain until the order is cancelled if not executed before).
You can also set up Protection Orders by checking the tick boxes. It will expand the form and allow you to set up Stop Loss price and Take Profit price.
Please make sure that the form is filled correctly then press ‘Send Order’ to confirm the order.