Limit

Limit orders are a type of order that allows you to specify a fixed price at which you want to open a Long or Short position. This is an alternative to Marketorders.

Limit orders give you more precise control over the price points of your trades, but they may take longer to complete than market orders because they wait for a specific price to become available.

Glossary for the image above: ⤵️

Limit Order - This is the price level at which your order will be executed if the asset you are trading reaches it.

Order Expiry - You can set an expiration date for your order using the "Order Expiry" tab. This will automatically cancel the order if it hasn't been filled by the specified date.

When using Limit Orders, users are encouraged to keep an eye on the "Orders" tab (see Orders) if there are pending orders they no longer wish to proceed with due to changing market conditions. You can cancel an order that hasn't been filled at any moment.