A limit order is triggered at a specific price, allowing you to set the price at which you wish to buy or sell. When the specified limit price is reached, a limit order becomes a market order and is fulfilled at the current market price.
For example, if the current market price is $6500 and you want to buy at a lower price, then you can place a limit buy order at $6499, for example, or lower.
If the market reaches the $6499 mark and in the order book there is a sell order (ask) to match your buy order (bid), your limit order will be filled as a market order at the current price of $6499.
To place a limit order on CEX.IO BROKER, go to the trading terminal and click on Buy or Sell in either the Trade or Watchlist widget. In the new window, choose Limit order. Enter your lot size, specify the desired limit price, and hit the Send Order button.
You can also place a limit order by right-clicking on the chart.
Another option is to place a limit order from the Trade widget navigation bar. To do so, navigate to the toolbar above the chart and click on the “L” symbol that stands for the limit order.
Hover over the white line on the chart to view the buy and sell prices. Then click on the desired price level and send the order.