What is a Buy Limit Order?
Buy Limit
Forex Trading Glossary
Quick Answer: A buy limit order is placed below current price to buy at support, expecting price to bounce upward. Used for "buying the dip" strategies.
What is a Buy Limit Order?
A buy limit order instructs your broker to buy a currency pair only if price falls to a specified level below the current market price. Traders use it to enter long positions at perceived support or after pullbacks.
Buy Limit Tips
- Identify support: Place the order near key demand zones.
- Combine with confirmation: Use patterns or indicators to strengthen the case.
- Set expiry: Cancel the order if the setup becomes invalid.
- Mind news risk: Orders can trigger unexpectedly during volatile events.
Related Terms
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