What is buy limit? How to use and place buy limit orders?

What is Buy Limit?

Buy limit means place a buy order below the current market price.

Ex. EUR/USD present market rate 1.4500, you can place your buy limit position below current market like 1.4400. While market going down to rate 1.4400, it automatically open your buy limit position to buy position.

How to place buy limit order?

Double click the particular currency pair, then the  order window will open in the screen. Select the pending order in drow down menu in Type option and select  buy limit order, put your price and place the order.

How to use buy limit order?

• You can save your time from watching market.
• Some times your not able to place a order in particular price in high fluctuations.so safe to place buy limit orders, as well your trading system will go smooth.
• Buy limits are mostly used in auto trading.
• Product your income from power and internet conncetion problems using buy limit.