What is Buy Limit Order? - Buy Limit Order Definition & Examples

A forex buy limit order is an order to buy a forex currency pair at a better price after the price has retraced from its current region.

A forex buy limit order is an order to buy at a lower price than the current price

A buy limit is only executed when the currency pair prices falls & retraces to the set buy limit level.

Entry Limit Forex Trading Orders: Buy Entry Limit - What is a Buy Limit FX Order Example?

Buy Limit order definition - Entry limit is an order to buy a Forex currency at a certain price which is a retracement level where price is predicted to pull-back to before resuming the original trend.

Forex traders use buy limit orders to buy at better market price. These types of buy limit orders are available in most of online trading softwares, for our example we shall be using the MT4 fx trading platform.

An entry buy limit order of this type can be used to buy below market level (retracement in an up trend market).

Buy limit - When buying, your entry buy limit is executed when market falls to your set price. (retraces down)

Entry orders are placed by traders when they expect price to bounce back after reaching this level.

• Entry Buy Limitbuy at a level below the current market level.

Buy Entry Limit Order Example - What is a Buy Limit Order Forex Trading Example?

In the example below, the buy limit order was placed to buy at a price below the current market price. Point B is point at which it was set.

Buy Limit Order Placed to Buy Below the Current Market Price - What's Buy Limit Order?

The currency pair then retraced and went down to hit the buy entry limit, and afterwards the forex price continued to move upward in direction of the original Forex upward trend. When the limit buy order was hit it changed into a buy order.

Price Hits Buy Limit Order - Buy Limit Orders Now Changes to Buy Order - Buy Limit Order