Limit and Limit Entry Orders Video - FXCM

Limit and Limit Entry Orders


The most common order type is the market order which is usually the best option when a trader needs to enter and exit a trade on the fly. A Limit Entry Order differs from a market order in two primary ways. First, a Limit Entry Order requires that you specify an entry price where you want to enter a trade. The second is that a Limit Entry Order can only fill at the requested price or at a better price whereas a Market Order can fill at the requested price, a better price, or at a worse price.

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