Limit Orders

A limit order lets you pre-determine either a price higher than the current price at which you wish to sell, or a level below at which you wish to buy. This means you can pre-define the level at which you want to sell to take a profit, or the level at which you want to buy below the current price of an instrument.

Example of a limit order

• You have bought a long position of 1,000 BP CFDs at an opening price of 530.00
• You believe BP will strengthen to 550.000
• You therefore place a limit order to sell 1,000 BP CFDs at 550.00

Limits can also be used to open positions.