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Basics

Buy limit

A buy limit is a pending order to buy at a price below the current price. It fills only if the price falls to that level.

Also called: buy limit order, limit buy

Hypothetical example

Hypothetically, gold trades at 2,000 and you place a buy limit at 1,980. If the price drops to 1,980, a long position opens; it could keep falling after that.

Used in these guides

Basics8 min read
Order types: market, limit and stop orders
How market and pending orders work, when each one fills, and what can make the fill price differ from the price you set.
Platforms8 min read
MetaTrader 5 guide: getting started
What MetaTrader 5 is, how to download it and log in with NextTrade, and how to place a first order on a demo account.

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