Limit Entry in Gold (Sell and Buy)
This feature allows you to buy or sell a financial instrument at a pre-determined price.
* Buy Limit:
* If you want to buy an asset at a price lower than the current market price, you can use a buy limit order.
* When the market price falls to your set price, your order will be automatically executed.
* Sell Limit:
* If you want to sell an asset at a price higher than the current market price, you can use a sell limit order.
* When the market price rises to your set price, your order will be automatically executed.
Key Benefits:
* Price Control: It allows you to trade at your preferred price.
* Risk Management: You can use limit orders in conjunction with stop-loss orders to limit potential losses.
* Automated Execution: There is no need to constantly monitor the order; it will be automatically executed when the price reaches your set level.
Examples of Use:
* You may want to buy a stock when it falls to a certain support level.
* You may want to sell a cryptocurrency when it reaches a certain resistance level.
Please Note:
* There is no guarantee that your limit order will be executed, especially if the market moves quickly.
* Always consider the risks when using limit orders.