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Question

What is a Limit Order?

Answer

Limit Orders allow you the ability to specify the minimum price at which you want to sell, or the maximum price at which you want to buy shares, and tell us how long you want the limit order to stay open (up to a maximum of 30 business days).

Please note that a Limit order will only be dealt if your limit price is met or exceeded within your specified expiry period. Limit orders, when buying, are suited to situations where you believe the price will fall to a level you consider good value. When selling, a Limit order is suitable when you believe the price will rise to a level at which you are happy to take a profit. A Limit order is not a Stop order.

 

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