Quick Start

How to Place Limit Orders

Limit orders let you act on possible future changes in the market rate. Unlike market orders, which are executed when you submit them, limit orders are only executed if the market rate reaches a quote price you specify in advance.

how to place limit orders to OANDA fxTrade

The Orders tab lets you track, modify and cancel limit orders.

Create a limit order:

  1. Open the Order window.
    Click in the Quote panel over the currency pair you want to trade.

  2. Click the Limit Order tab.

  3. Specify the trade.
    Click buy or sell, verify the currency pair, and type the number of units.

  4. Provide a quote price.
    If this price is reached by the market, the limit order will be triggered and an open position created.

  5. Set an expiry period.

  6. Include other options.
    You can add stop profits, take profits, or trailing stops. They apply only if the limit order is triggered.

  7. Click Submit.

Risk Warning: Forex and CFDs are high risk and may not be suitable for everyone. Losses can exceed your investment.