Is Limits Trading Is The Best CFD / Forex Strategy?
In CFD / Forex, limits trading is when the investor give a future order at which market-rate he wants to enter a thin trade, in order to buy or sell a CFD’s on a certain asset at a specified price.
If the price of the asset, set by the investor, is not met during the period of time in which the order is left open, no option will be created and the order will be canceled.
How to Place a Limit Order
1. Choose the “limit” tab on the main trading area
2. Choose the asset, time of expiry, investment amount and option type (Call or Put).
3. Set the Market rate for the order.
4. Click the Apply Order button.
The Advantages of Limit Trading
The investor can limit the length of time an order can be outstanding before it is canceled.
The investor can place trades at predefined support or resistance levels.
A limits trading CFD / Forex strategy is pretty new on Option500 platform but already started to be used by our traders with good response, try it now and achieve successful trades!